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Lecture

Chapter 7 Notes - Class.docx

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Department
Accounting
Course Code
ACTG 1P12
Professor
Norman Chasse

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Description
Chapter 7 Sales and Collection CycleLook at shipping terms to decide when goods have been transferred and therefore delivered For this reason Shipping terms will determine when the sales are recognizedFOB Destinationtitle to goods passes when the product reaches the customerSales recognized on this dateFOB Shipping Point
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