Which of the following would be included in Latimer Company's sales in 2019?
A) Goods shipped from a supplier in 2019 with terms of FOB shipping point.Latimer received the goods in 2019.
B) Goods shipped to customers in 2019 with terms of FOB destination.The customer received the goods in 2020.
C) Goods shipped to customers in 2018 with terms of FOB destination.The customer received the goods in 2019.
D) Goods shipped to customers in 2018 with terms of FOB shipping point.The customer received the goods in 2019.
Correct Answer:
Verified
Q26: Which of the following statements is correct?
A)Revenue
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Q32: Cash equivalents on the balance sheet include
Q33: An objective of preparing the bank reconciliation
Q34: When preparing the statement of cash flows,the
Q35: If a check received from a customer
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