Question: true or false 18) Revenue should be recognized when it is earned, and not before. 19) When goods are shipped FOB destination, revenue is recognized
18) Revenue should be recognized when it is earned, and not before. 19) When goods are shipped FOB destination, revenue is recognized by the seller when the goods leave seller's shipping dock
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
