[Answered] Alpha Company bought inventory from Omega Company, FOB shipping point. On December 31, the last day of the accounting year,

Alpha Company bought inventory from Omega Company, FOB shipping point. On December 31, the last day of the accounting year, the goods were on a truck owned by Theta, Inc., exactly half-way between Alpha and Omega. Which company should include these goods in its December 31 inventory

CategoriesUncategorized

Leave a Reply

Your email address will not be published.