Fargo Co. sold merchandise to Keepsakes Company on December 31, FOB shipping point. If the merchandise is

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Fargo Co. sold merchandise to Keepsakes Company on December 31, FOB shipping point. If the merchandise is in transit on December 31, the end of the fiscal year, which company would report it in its financial statements? Explain.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Jul 17, 2012 02:35 AM

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Fargo Co. sold merchandise to Keepsakes Company on December 31, FOB shipping point. If the merchandise is

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Keepsakes Company Since the merchandise was sh...View the full answer

Accounting

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