FOB shipping point v. FOB destination: Defines term of sale. FOB shipping point recognizes the sale of an item when the seller ships it, while FOB destination recognizes the sale of an item when the buyer receives the item

  • FOB: Free On Board
  • Item included in books of buyer at year end under FOB shipping point
  • Item included in books of seller at year end under FOB destination

N_13F_FOB_Shipping_point_v._FOB_destination

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