Multiple Choice
On December 12,Occident,Ltd.,a company in Singapore,ordered merchandise from San Francisco Exports.The merchandise was shipped to Occident on December 29,FOB shipping point.The merchandise arrived at Occident's warehouse on February 1.Occident paid for the merchandise on March 2.When should San Francisco Exports recognize revenue?
A) December 12
B) December 29
C) February 1
D) March 2
Correct Answer:
Verified
Correct Answer:
Verified
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