Company X purchases inventory under terms FOB destination from Company Y, and the goods are still in
Question:
Company X purchases inventory under terms FOB destination from Company Y, and the goods are still in transit. Which company includes the goods in its inventory? Why? How would your answers change if the purchase had been made under terms FOB shipping point?
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When inventory is purchased under terms FOB destination the goods are owned by the seller C...View the full answer
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Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
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