If a Saskatchewan-based company ships goods on September 30 to a customer in Toronto with sales terms

Question:

If a Saskatchewan-based company ships goods on September 30 to a customer in Toronto with sales terms FOB destination, do the Saskatchewan-based company include the inventory or the sale in its September financial statements?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of Financial Accounting

ISBN: 978-1259269868

5th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

Question Posted: