Company sells 1,000 widgets to Avon Inc. for $14 each, FOB shipping point. The widgets...
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Accounting
Company sells 1,000 widgets to Avon Inc. for $14 each, FOB shipping point. The widgets are shipped on December 26, Year4 and arrive at Avon on January 3, Year5. When should Scanlon record the sales revenue?
A. When Avon pays the bill B. When Scanlon replaces the inventory C. In Year5 D. In Year4
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