Question: The client shipped $ 3 0 0 , 0 0 0 worth of products as of December 3 1 st with terms FOB shipping point.

The client shipped $300,000 worth of products as of December 31st with terms FOB shipping point. The products that were ordered on December 15th are scheduled to be delivered on January 3rd and are due to pay on January 31st. The sales invoice was dated January 2nd. What is the potential misstatement that can result from this scenario?
Select answer from the options below
Completeness of revenues and receivables
Accuracy of cash receipts
Occurrence of revenues existence of receivables
No potential misstatement

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