A company sells a product FOB destination. The product is shipped on December 29, 2020 and the customer receives the shipment on January 3, 2021. Which of the following is true? Group of answer choices A)The sale will be recorded when the customer's credit card information is received. B)The sale will be recorded when the shipment is received by the customer. C)The sale will be recorded when the shipment is shipped. D)The sale will be recorded when it is known there will be no returns or allowances. e)None of the above

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
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A company sells a product FOB destination. The product is shipped on December 29, 2020 and the customer receives the shipment on January 3, 2021. Which of the following is true?

Group of answer choices
A)The sale will be recorded when the customer's credit card information is received.
B)The sale will be recorded when the shipment is received by the customer.
C)The sale will be recorded when the shipment is shipped.
D)The sale will be recorded when it is known there will be no returns or allowances.
e)None of the above
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