if goods are shipped fob destination, the seller does not record revenue from the sale until the goods…

if goods are shipped fob destination, the seller does not record revenue from the sale until the goods arrive at their destination. true or false true false

if goods are shipped fob destination, the seller does not record revenue from the sale until the goods arrive at their destination. true or false true false

Answer

Answer:

True

Brief Explanations:

Under FOB destination, the seller retains ownership until the goods reach the buyer's destination. Revenue recognition occurs when the significant risks and rewards of ownership transfer. This happens only when the goods arrive at the destination. So, the seller records revenue then.