At the Year-End Inventory Count, If Goods in Transit Are

question 167

Multiple Choice

At the year-end inventory count, if goods in transit are shipped FOB shipping point, they should be included in the inventory count of:

• A)the seller.
• B)the buyer.
• C)the shipping company.
• D)both the seller and the buyer.

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Definitions:

Physical Strength

The measure of an individual’s exertion ability in physical tasks, reflecting the capacity to lift, move, or press objects.

REM Sleep

A stage of sleep characterized by rapid eye movements, vivid dreaming, and increased brain activity.

Brain Waves

Patterns of neuronal electrical activity in the brain that can be measured using EEG and are associated with different states of consciousness.

REM Sleep

A stage of sleep characterized by rapid eye movements, more dreaming, and bodily movement; important for mental restoration.