Asked by
Marcos Rodrigues
on Nov 12, 2024
Verified
The abbreviation FOB stands for "free on board."
Free On Board
Free On Board (FOB) is a term used in international trade that indicates whether the seller or the buyer is liable for goods that are damaged or destroyed during shipping.
- Discern the different expressions concerning inventory and sales and apprehend their effects on accounting procedures.
Verified Answer
DW
Learning Objectives
- Discern the different expressions concerning inventory and sales and apprehend their effects on accounting procedures.
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