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    Financial Accounting Information for Decisions Study Set 2
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    Exam 4: Reporting and Analyzing Merchandising Operations
  5. Question
    If Goods Are Shipped FOB Destination, the Seller Does Not
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If Goods Are Shipped FOB Destination, the Seller Does Not

Question 52

Question 52

True/False

If goods are shipped FOB destination, the seller does not record revenue from the sale until the goods arrive at their destination because the transaction is not complete before that point.

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