If the buyer bears the freight costs related to a purchase, the terms are said to be FOB destination.
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Q21: The abbreviation FOB stands for "free on
Q22: If the ownership of merchandise passes to
Q23: Merchandise Inventory normally has a debit balance.
Q24: A sale of $750 on account subject
Q25: In a perpetual inventory system, merchandise returned
Q27: A sales discount encourages customers to pay
Q28: Merchandise is sold for $3,600, terms FOB
Q29: A deduction allowed to wholesalers and retailers
Q30: A buyer who acquires merchandise under credit
Q31: Under the perpetual inventory system, a company
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