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Scanlon Company sells 1,000 widgets to Avon Inc. for $14 each, FOB shipping point. The widgets are shipped on December 26, Year4 and arrive at
Scanlon Company sells 1,000 widgets to Avon Inc. for $14 each, FOB shipping point. The widgets are shipped on December 26, Year4 and arrive at Avon on January 3, Year5. When should Scanlon record the sales revenue?
A. | In Year5 |
B. | In Year4 |
C. | When Scanlon replaces the inventory |
D. | When Avon pays the bill |
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