Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: thallium81 on Aug 1, 2022



Title: When an acquisition is on an FOB origin basis, the inventory and related accounts payable must be ...
Post by: thallium81 on Aug 1, 2022
When an acquisition is on an FOB origin basis, the inventory and related accounts payable must be recorded in the current period if the goods were

▸ received prior to the balance sheet date.

▸ shipped on or before the balance sheet date.

▸ both shipped and received prior to the balance sheet date.

▸ paid for in advance.


Title: When an acquisition is on an FOB origin basis, the inventory and related accounts payable must be ...
Post by: kimtran on Aug 1, 2022
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