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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 102
Choosing between FOB Shipping Point and FOB Destination
In its 2011 annual report, American Eagle Outfitters states that its "e-commerce operation records revenue upon the estimated customer receipt date of the merchandise." Is this FOB shipping point or FOB destination If American Eagle were to change to the other terms of shipment, would it report its Sales Revenues earlier, or later
In its 2011 annual report, American Eagle Outfitters states that its "e-commerce operation records revenue upon the estimated customer receipt date of the merchandise." Is this FOB shipping point or FOB destination If American Eagle were to change to the other terms of shipment, would it report its Sales Revenues earlier, or later
Explanation
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Determination of terms of shipment of AE...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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