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When a company ships product to a customer with the terms f.o.b. (free on board) destination, which of the following is true?

A) The seller will pay the shipping charges and title will not be exchanged until goods are received by the customer.

B) The buyer will pay the shipping charges and title is exchanged at point of shipment.

C) The seller will pay the shipping and title is exchanged at point of shipment.

D) The buyer will pay the shipping and title is exchanged when the goods are received by the customer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9401561

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