Examlex

Solved

Match Each Explanation to an Associated Abbreviation

question 131

Multiple Choice

Match each explanation to an associated abbreviation.

-CPAP


Definitions:

FOB Destination

Freight terms in which the seller pays the transportation costs from the shipping point to the final destination.

Net Income

The total earnings of a company after deducting all expenses and taxes from total revenue.

Ending Inventory

The total value of all unsold goods that a company has at the end of an accounting period.

Beginning Inventory

The value of the inventory that a company has at the start of an accounting period, before any purchases or sales have occurred.

Related Questions