Question: 8 3 . 1 3 points When goods are shipped FOB Shipping Point between buyer and seller, the shipping cost is recorded ty By the

8
3.13 points
When goods are shipped FOB Shipping Point between buyer and seller, the shipping cost is recorded ty
By the seller as Delivery Expense
By the buyer as an increase to Inventory
By the buyer as Delivery Expense
By the seller as an increase to Inventory
Shipping costs are free to both buyer and seller
9
3.13 points
Merchandise inventory is reportad in the long term assets section of the balance sheet.
False
8 3.13 points When goods are shipped FOB Shipping Point between

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