Which Goods in Transit Would Be Recorded in Inventory at Year

question 83

Multiple Choice

Which goods in transit would be recorded in inventory at year end?

• A)Goods purchased with terms F.O.B. destination point that were received after year end.
• B)Goods sold with terms F.O.B. shipping point that were shipped before year end.
• C)Goods purchased with terms F.O.B. shipping point that were received after year end.
• D)Goods sold with terms F.O.B. destination point that were shipped before year end.

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Definitions:

Situation

The set of circumstances or context in which events occur, influencing the outcomes of actions or decisions.

Dispositional Attribution

The tendency to attribute people's behaviors to their character or personality, rather than considering external factors that might influence their actions.

Situational Attribution

The process of attributing a person's actions to external circumstances or situations rather than to internal characteristics.

Self-serving Bias

A common tendency for individuals to attribute their successes to internal factors while blaming external factors for their failures.