If goods are shipped FOB shipping point then the selling company cannot recognize the revenue until the goods are received at their destination.

Name: If goods are shipped FOB shipping point then the selling company cannot recognize the revenue until the goods are received at their destination.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Revenue is typically recognized at the point of shipment for FOB shipping point transactions, as the title and risk of loss pass to the buyer when the goods are handed over to the carrier.

If Goods Are Shipped FOB Shipping Point Then the Selling