Which Goods in Transit Would Be Recorded in Inventory at Year

question 111

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 purchased with terms F.O.B. shipping point that were received after year end.
• C)Goods sold F.O.B. shipping point that were shipped two weeks before year end.
• D)Goods returned for credit, with terms F.O.B. destination point, received two days after year end.

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Definitions:

Fear of Dogs

Also known as cynophobia, it is an intense and persistent fear of dogs, often resulting from a negative experience or conditioning.

Blood-injection-injury Phobias

An intense irrational fear of blood, injections, or injuries that can result in physical reactions such as fainting.

Applied Tension Technique

Technique used to treat blood-injection-injury type phobias in which the therapist teaches the client to increase his or her blood pressure and heart rate, thus preventing the client from fainting.

Systematic Sensitization

Systematic Sensitization, perhaps meant to be Systematic Desensitization, is a behavior therapy technique used to reduce anxiety or fear through gradual exposure to the feared object or situation in combination with relaxation exercises.