F.O.B. shipping point means
A) the buyer pays for the freight.
B) the seller pays for the freight.
C) the title passes at time of shipment.
D) both A and C are correct.
Correct Answer:
Verified
Q49: The purchases journal is used for
A) recording
Q50: The principal ledger containing all the balance
Q51: It is a requirement that all suppliers
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Q56: A form used in business to place
Q57: When the term F.O.B. shipping point is
Q58: The term F.O.B. means
A) free on board.
B)
Q59: The time a purchaser is granted to
Q81: The arrangements between buyer and seller as
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