Which of the Following Would Be Included in Latimer Company's

question 70

Multiple Choice

Which of the following would be included in Latimer Company's sales in 2016?

• A)Goods shipped from a supplier in 2016 with terms of FOB shipping point.Latimer received the goods in 2016.
• B)Goods shipped to customers in 2016 with terms of FOB destination.The customer received the goods in 2017.
• C)Goods shipped to customers in 2015 with terms of FOB destination.The customer received the goods in 2016.
• D)Goods shipped to customers in 2015 with terms of FOB shipping point.The customer received the goods in 2016.

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Definitions:

Adrenal Glands

Glands located on top of the kidneys that produce a variety of hormones including adrenaline and cortisol.

Bloodstream

The flowing blood within the circulatory system of the body, carrying oxygen, nutrients, and waste materials.

Epinephrine

A hormone and a neurotransmitter also known as adrenaline, which is released in response to stress and works by increasing heart rate, contracting blood vessels, and dilating air passages.

Bloodstream

The flowing body fluid that carries oxygen, nutrients, and waste products to and away from cells within an organism, primarily consisting of plasma, red and white blood cells, and platelets.