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Multiple Select Question Select all that apply The buyer and seller of merchandise must agree...

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Accounting

Multiple Select Question
Select all that apply
The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freight terms by selecting all of the
correct statements below.
Terms FOB shipping point means the seller of the goods is responsible for freight charges.
When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.
hen the goods depart the seller's place of business.
reach their destination, if the goods are shipped FOB destination.
is responsible for shipping costs.
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