Inventory shipped fob shipping point and in transit on the last day of the year should be included in?

Question

03-08-2022
Business

contestada

Inventory shipped fob shipping point and in transit on the last day of the year should be included in?

Respuesta :

Otras preguntas

A circular lid has a diameter of 12 inches. What is the exact area of the lid? A. 6π square inches B. 12π square inches C. 24π square inches D. 36π square i

In order for a new word to be maintained in your vocabulary, you must _______ it. A. define B. use C. pronounce D. read

At STP, which sample contains the same number of molecules as 11.2 liters of CO2(g) at STP? (1) 5.6 L of NO2(g) (3) 11.2 L of N2(g) (2) 7.5 L of H2(g) (4) 22.4

When a voltaic cell operates, ions move through the(1) anode (2) cathode (3) salt bridge (4) external circuit

According to Reference Table N, which pair of isotopes spontaneously decays? (1) C-12 and N-14 (3) C-14 and N-14 (2) C-12 and N-16 (4) C-14 and N-16

What adds to 22 and multiplies to 21?

A red blood cell is 8 μm in diameter. If drawn 100 times larger than its actual size, what diameter will the drawing be in mm? A. 0.08 mm B. 0.8 mm C. 8 mm D. 8

Given the equation: HCl(g) + H2O(l)--> X(aq) + Cl--(aq) Which ion is represented by X? (1) hydroxide (3) hypochlorite (2) hydronium (4) perchlorate

need help plz Which fact is most likely to be deleted from a functional résumé for a copy writer position in an ad agency? 2005–2008 internship with an ad agenc

Which is a contribution of classical Rome to modern Western civilization? A. network of long-distance paved roads B. creation of international sports competi

smecloudbird17 smecloudbird17 · Answer 1 · 2022-08-13T17:52:00+02:00

Inventory shipped FOB shipping point and in transit on the last day of the year should be included in the inventory balance of the seller.

If the goods are shipped Free On Board (FOB) shipping point, the transportation costs are paid by the buyer and the title passes when the carrier takes the possession of goods. Thus, these goods become the part of the buyer's inventory while in transit.

For instance, if the terms of the sale are Free On Board destination, the seller will not have a sale and receivable until January 2. This means the seller must include the cost of the goods in transit in its inventory as of December 31.

Hence, the answer is given and explained above.

To learn more about Free On Board (FOB) here:

https://brainly.com/question/14527257

#SPJ4