On December 23, 2016, Thompson Sports Manufacturing sells a truckload of sporting goods to the Sports R Us store in Dayton, Ohio. The terms of the sale are FOB destination. The truck runs into bad weather on the way to Dayton and doesn't arrive until January 2, 2017. Thompson Sports Manufacturing's invoice totals $ 170,000 including sales tax. The company's year-end is December 31. What should Thompson Sports manufacturing reflect in its 2016 income statement for this sale?

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As the goods are shipped are FOB desti... View the full answer