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K On December 23, 2018, Thompson Sports Manufacturing sells a truckload of merchandise to the Global Sports store in Dayton, Ohio. The terms of
K On December 23, 2018, Thompson Sports Manufacturing sells a truckload of merchandise to the Global Sports store in Dayton, Ohio. The terms of the sale are FOB destination. The truck runs into bad weather on the way to Dayton and doesn't arrive until January 2, 2019. Thompson's invoice totals $190,000. The company's year-end is December 31. What amount should Thompson reflect in its 2018 income statement for this sale? Thompson should report $ sales revenue for this sale on the income statement in 2018. Since the goods were sold FOB destination, revenue
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