Inventory Shipped FOB Shipping Point and in Transit on the Last

question 19

Multiple Choice

Inventory shipped FOB shipping point and in transit on the last day of the year should be included in:

• A)the inventory balance of the seller.
• B)the inventory balance of the buyer.
• C)neither the inventory balance of the buyer or the seller.
• D)both the inventory balance of the buyer and the seller.

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Definitions:

Ventral Cavity

An anatomical cavity in the front part of the body that houses major organs including those within the thoracic and abdominopelvic cavities.

Embryonic Cell

A cell derived from an embryo that has the potential to develop into various types of cells in the body.

Specialized Cell

A cell that has differentiated to perform a specific function in the body, such as a neuron or a red blood cell.

Tissue

An ensemble of similar cells and their extracellular matrix from the same origin that perform a specific function.