Barbara's Brownies produces different varieties of brownies that she sells to grocery, candy, and gift shops. These
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Question:
With terms of FOB shipping point, when does Barbara record a sale? If she ships in January and records the sale in January has she violated any accounting rules?
Do you think it is ethical for Barbara to delay shipments until the next year? Why or why not? Who may be harmed by that decision?
What impact will delaying the recording of sales until January have on her financial statements for December and January? Who may be harmed by that decision?
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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