f NetSolutions (the buyer) purchases merchandise from a wholesale company or vendor (the seller) and the NetSolutions pays the transportation costs (freight/shipping terms--FOB Shipping), who owns the merchandise while the merchandise is in transit? Group of answer choices NetSolutions the vendor the trucking company No one (neither the buyer or the seller) until the merchandise is delivered.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 17MC: Which of the following is not a characteristic of FOB Destination? A. The seller pays for shipping....
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If NetSolutions (the buyer) purchases merchandise from a wholesale company or vendor (the seller) and the NetSolutions pays the transportation costs (freight/shipping terms--FOB Shipping), who owns the merchandise while the merchandise is in transit?
Group of answer choices
NetSolutions
the vendor
the trucking company
No one (neither the buyer or the seller) until the merchandise is delivered.
 
 
 

 

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