Question: In the following situation, who owns the inventory while it is in transit? You, the seller, sold inventory with shipping terms FOB destination. The inventory

In the following situation, who owns the inventory while it is in transit? You, the seller, sold
inventory with shipping terms FOB destination. The inventory cost $4,680.
Select one:
a. the seller
b. the shipping company
c. the buyer
d. both the buyer and the seller
e. neither the buyer nor the seller
 In the following situation, who owns the inventory while it is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!