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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Who is responsible for the freight cost when the terms are FOB destination? Please explain with full explanation.
a. the seller
b. the buyer
c. the customer
d. either the buyer or the seller
Expert Solution
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- Which of the following items are included when calculating the carrying cost of inventory? (Select all that apply.) ✔ warehousing costs manufacturing costs procurement costs O financing costsarrow_forwardMatch the correct pairs FOB destination and you are the buyer A. The buyer pays this amount FOB destination and you are the seller B. You pay and add to inventory costs FOB shipping point and you are the buyer C. The seller pays this FOB shipping point and you are the seller D. You pay and expense as delivery chargearrow_forwardFreight on Board (FOB) shipping point requires that the seller pays the shipping cost.. True or Falsearrow_forward
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