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

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In its 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 were 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: 9780073527109

3rd Edition

Authors: Fred Phillips, Robert Libby, Patricia A Libby

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