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

question 206

Multiple Choice

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

• A)the seller.
• B)the buyer.
• C)neither the buyer nor the seller.
• D)​both the buyer and the seller.

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Definitions:

Decision

A conclusion or resolution reached after consideration, marking the choice made between alternative options.

Social Relationships

Connections or interactions between individuals or groups in a society.

IDEAS Process

An acronym or term not widely recognized as standard, implying a potentially specific or specialized process that involves creativity or problem-solving. NO.

Preliminary Decision

An initial decision or judgment made before all evidence or information has been fully considered or reviewed.