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ACCT 2121 Chapter 6 100% SOLUTION 2023//2024
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12
February 2024
2023/2024
A+
100% SOLUTION
2023//2024
The factor which determines whether or not goods should be included in a physical
count of inventory is
a. physical possession
b. legal title
c. management's judgment
d. whether or not the purchase price has been paid - ANSWER B
If goods in transit are shipped FOB destination
a. the seller has legal title to the goods until they are delivered
b. the buyer has legal title to the goods until they are delivered
c. the transportation com...
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