Examlex
Match each of the following accounts with the appropriate financial statement.
(Remember that certain accounts may be found on more than one statement.)
-Contributed capital
FOB Destination
A shipping term indicating that the seller bears shipping costs and retains ownership of goods until they are delivered to the buyer's location.
Shipping Terms
Agreements or conditions that specify the responsibilities of the buyer and seller in the delivery of goods, including who pays for shipping and insurance.
Merchandise
Goods that are bought and sold in the course of business, usually in a retail environment.
Delivery Expense
The costs incurred by a business to transport its goods to the customer, often treated as a direct or indirect expense depending on the nature of the expense allocation.
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