Which Goods in Transit Would Not Be Recorded in the Buyer's

question 143

Multiple Choice

Which goods in transit would not be recorded in the buyer's inventory at year end?

• A)Goods purchased with terms F.O.B. destination point that were received at year end.
• B)Goods purchased with terms F.O.B. shipping point that were received at year end.
• C)Goods purchased with terms F.O.B. destination point that were received after year end.
• D)Goods purchased F.O.B. shipping point that were lost in shipment.