Which of the following statements is false? A. Inventory shipped f.o.b. shipping point remains in the seller's accounting records during transit.
1) Inventory shipped f.o.b. shipping point remains in the buyer's accounting records during transit.
2) Inventory shipped f.o.b. destination remains in the seller's accounting records during transit.
3) Inventory shipped f.o.b. destination remains in the buyer's accounting records during transit.
4) Inventory shipped f.o.b. shipping point remains in the seller's accounting records during transit.
