At what point should you be recording the sale of inventory

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Problem

Your company ships out large packages that are FOB shipping point. Normally, your company pays for the shipping and requires the purchasing company to reimburse you once it receives the goods. Write your responses to the following questions: At what point should you be recording the sale of the inventory? Get the instant assignment help. Would your answer change if you were also paying for insurance on the inventory being shipped?

Reference no: EM133919945

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