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Cadish Cadish
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Posts: 694
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6 years ago
When an acquisition is on an FOB (freight on board) origin basis, the inventory and related accounts payable must be recorded in the current period if the goods were
A) received prior to the balance sheet date.
B) shipped prior to the balance sheet date.
C) both shipped and received prior to the balance sheet date.
D) paid for.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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victroxvictrox
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#1
Posts: 445
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6 years ago
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Cadish Author
wrote...

6 years ago
Smart ... Thanks!
rene_ram97
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Yesterday
Good timing, thanks!
IvanaVR
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2 hours ago
Helped a lot
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