Tidwell Company's Goods in Transit at December 31 Include Sales

question 98

Multiple Choice

Tidwell Company's goods in transit at December 31 include sales made (1) FOB destination
(2) FOB shipping point
And purchases made
(3) FOB destination
(4) FOB shipping point.
Which items should be included in Tidwell's inventory at December 31?

• A)(2) and (3)
• B)(1) and (4)
• C)(1) and (3)
• D)(2) and (4)

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Definitions:

Independent

The state of being self-reliant and not dependent on others for support, sustenance, or decision making.

Emotional Expressions

The outward display of feelings such as happiness, anger, or sadness, through facial expressions, body language, or vocal tones.

Anger

A strong feeling of annoyance, displeasure, or hostility towards someone or something, often a response to perceived wrong or injustice.

Sadness

An emotional state characterized by feelings of disappointment, grief, or hopelessness.