Business, 27.03.2020 18:24 legendman27
Knowledge Check 01 Hales Inc. ships goods on December 30 to Osher Inc., who receives the goods on January 2. Both companies have December 31 year-ends. If the goods are shipped f. o.b. shipping point, which of the following statements is (are) correct
Hales will include the goods in its December 31 inventory
Osher will include the goods in its December 31 inventory
Hales will record the sale on December 30, Holes wil record the sale on January 2.
Osher will record the purchase on December 30.
Osher will record the purchase on January 2.
Answers: 2
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Knowledge Check 01 Hales Inc. ships goods on December 30 to Osher Inc., who receives the goods on Ja...
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