When the terms of a sale are FOB destination

When the terms of a sale are FOB destination - True...

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When the terms of a sale are FOB destination, legal title to the goods passes to the buyer when they reach the buyer's place of business.
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Unformatted text preview: True Merchandising firms usually classify their inventory into raw materials, work in process and finished goods. False...
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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