1. F.O.B. Shipping indicates: a. The buyer is paying for freight, and the sale t

Question

1. F.O.B. Shipping indicates:

a.   The buyer is paying for freight, and the sale takes place when the goods are delivered.

b.   The seller is paying for freight, and the sale takes place when the goods are shipped.

c.   The buyer is paying for freight, and the sale takes place when the goods are shipped.

d.   The seller is paying for freight, and the sale takes place when the goods are delivered.

2.         F.O.B. Destination indicates:

a.   The buyer is paying for freight, and the sale takes place when the goods are delivered.

b.   The seller is paying for freight, and the sale takes place when the goods are shipped.

c.   The buyer is paying for freight, and the sale takes place when the goods are shipped.

d.   The seller is paying for freight, and the sale takes place when the goods are delivered.

Explanation / Answer

1. F.O.B. Shipping indicates:

c. The buyer is paying for freight, and the sale takes place when the goods are shipped.

2. F.O.B. Destination indicates:

d. The seller is paying for freight, and the sale takes place when the goods are delivered.

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