In its 2011 annual report, American Eagle Outfitters states that its e-commerce operation records revenue upon the

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In its 2011 annual report, American Eagle Outfitters states that its "e-commerce operation records revenue upon the estimated customer receipt date of the merchandise." Is this FOB shipping point or FOB destination? If American Eagle was to change to the other terms of shipment, would it report its Sales Revenues earlier, or later?
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Fundamentals of Financial Accounting

ISBN: 978-1259103292

4th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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