Paden Company purchased merchandise from Emmett Company with freight terms of FOB shipping point.The freight costs will be paid by the

Name: Paden Company purchased merchandise from Emmett Company with freight terms of FOB shipping point.The freight costs will be paid by the
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

FOB shipping point means that the buyer takes ownership of the merchandise and is responsible for the freight costs from the moment it is shipped. Therefore, the buyer (Paden Company) will pay for the freight costs.

Paden Company Purchased Merchandise from Emmett Company with Freight Terms