The following situation is presented in chronological order:

. Dexter decides to buy a surfboard.

. He calls Surfing USA Co. to inquire about their surfboards.

Two days later he requests Surfing USA Co. to make him a surfboard.

. Three days later Surfing USA Co. sends him a purchase order to fill out.

He sends back the purchase order.

. Surfing USA Co. receives the completed purchase order.

. Surfing USA Co. completes the surfboard.

Dexter picks up the surfboard.
9. Surfing USA Co. bills Dexter.
10. Surfing USA Co. receives payment from Dexter.
Instructions = In a memo to the president of Surfing USA Co., answer these questions:

(a) When should Surfing USA Co. record the sale?

(b) Suppose that with his purchase order, Dexter is required to make a down payment.
Would that change your answer to part (a)?
ETHICS CASE