Question 19 If goods are shipped FOB shipping point, the seller does not record...

50.1K

Verified Solution

Question

Accounting

Question 19
If goods are shipped FOB shipping point, the seller does not record revenue from the sale until the
goods arrive at their destination because the transaction is not complete until that point.
True
Fatse
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students