Suppose that an exporter in Vancouver sells goods to a customer in Australia. The goods are shipped

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Suppose that an exporter in Vancouver sells goods to a customer in Australia. The goods are shipped by cargo vessel. For goods that are in transit at year end, what recognition should the Vancouver exporter make in its financial statements? Support your answer based on revenue recognition criteria.
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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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