If the ownership of merchandise passes to the buyer when the seller delivers the merchandise to the carrier, the terms are stated as FOB destination.
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Q17: Large businesses that make sales to customers
Q18: Under the perpetual inventory system, when a
Q19: If payment is due by the end
Q20: Estimated Returns Inventory is an account used
Q21: The abbreviation FOB stands for "free on
Q23: Merchandise Inventory normally has a debit balance.
Q24: A sale of $750 on account subject
Q25: In a perpetual inventory system, merchandise returned
Q26: If the buyer bears the freight costs
Q27: A sales discount encourages customers to pay
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