If Goods Shipped FOB Destination Are in Transit at the End

question 47

Multiple Choice

If goods shipped FOB destination are in transit at the end of the year, they should be included in the inventory balance of the

• A) Seller
• B) Common carrier
• C) Buyer
• D) Bank

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Definitions:

Cogeneration

The simultaneous production of electricity and useful heat from the same energy source, improving efficiency.

Heat Pumps

Devices that transfer heat energy from a source to a destination, often used for heating and cooling buildings.

Fuel-Cell Cars

Vehicles that generate their power from a fuel cell, which produces electricity through a chemical reaction between hydrogen and oxygen, emitting only water.

Combustion Engine

An engine that generates mechanical power by burning a fuel-air mixture to create an explosive reaction.