Question: Question 13 11 point) At the year end Carpet & Company has shipped $5000 worth of merchandise goods on FOB Destination basis to Stark Company.

Question 13 11 point) At the year end Carpet & Company

Question 13 11 point) At the year end Carpet & Company has shipped $5000 worth of merchandise goods on FOB Destination basis to Stark Company. These goods are still in transit at the end of the year. Since the goods are on th way to stark company at the year end Stark company should include this 5 5000 in their closing stock True False

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