_____ Indicates That the Purchaser Is Responsible for Payment of Transportation

question 45

Multiple Choice

_____ indicates that the purchaser is responsible for payment of transportation costs and assumes title of the goods at the supplier's shipping dock.

• A)F.O.B.origin
• B)F.O.B.delivered
• C)F.O.B.carrier
• D)F.O.B.intermediate storage point
• E)F.O.B.destination

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Definitions:

Intangible Assets

Assets that lack physical substance but provide economic value, such as intellectual property, brand recognition, and licenses.

Tangible Assets

Physical assets that can be seen and touched, such as buildings, machinery, and inventory.

Long-term Assets

Assets owned by a company meant to provide value for more than one year, such as real estate, machinery, or patents.

Current Assets

Resources that are anticipated to be turned into cash, sold, or utilized within a year or during the standard operational cycle of a company.