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On December 23rd, 2019 Nike shipped goods to REI. The invoice was for $125,000 and specified FOB destination. The goods arrived at the REl retail
On December 23rd, 2019 Nike shipped goods to REI. The invoice was for $125,000 and specified FOB destination. The goods arrived at the REl retail store on January 2nd, 2020. Both Nike and REI have December 31 fiscal year ends. For 2019 Nike would record [Select] in Revenue because under FOB destination Revenue is recognized [Select] On December 23rd, 2019 Nike shipped goods to REI. The invoice was for $125,000 and specified FOB destination. The goods arrived at the REI retail store on January 2nd, 2020. Both Nike and REI have December 31 fiscal year ends. in For 2019 Nike would record [Select] [Select] Revenue because under FOB $125,000 recognized (Select] $0 On December 23rd, 2019 Nike shipped goods to REI. The invoice was for $125,000 and specified FOB destination. The goods arrived at the REI retail store on January 2nd, 2020. Both Nike and REI have December 31 fiscal year ends. For 2019 Nike would record [Select ] in Revenue because under FOB destination Revenue is recognized [Select] [Select] when the goods leave the sellers place of business. when the goods arrive at the purchasers place of business
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