Park, Inc.purchased merchandise from Jay Zee Music Company on June 5, 2016.The goods were shipped the same day.The merchandise's selling price was $15,000.The credit terms were 1/10, n/30.The shipping terms were FOB shipping point.Park received the merchandise on June 10, 2016.Park paid the amount due on June 13, 2016.
When did title to the merchandise transfer from Jay Zee Music Company to Park?
A) June 10, 2016
B) June 5, 2016
C) June 13, 2016
D) Cannot be determined from the information provided
Correct Answer:
Verified
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