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On December 23rd, 2019 Nike shipped goods to REI. The invoice was for $125,000 and specified FOB shipping point. The goods arrived at the REl

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On December 23rd, 2019 Nike shipped goods to REI. The invoice was for $125,000 and specified FOB shipping point. 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 shipping point Revenue is recognized (Select]

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