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    Auditing and Assurance Services Study Set 2
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    Exam 16: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable
  5. Question
    If Sales Are Made FOB (Free on Board) Shipping Point
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If Sales Are Made FOB (Free on Board) Shipping Point

Question 35

Question 35

True/False

If sales are made FOB (free on board) shipping point or FOB destination at a period end, revenue does not need to be adjusted in either situation.

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