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When should the company record a sale

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Discussion- Ethical Issues

Review the Ethical Issue: Dobbs Wholesale Antiques in chapter 5 (Page 317). Address the following in your initial post:

1. Under Dobbs FOB policy, when should the company record a sale?

2. Do you approve or disapprove of Dobbs's manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods. Is there an accounting rule against Dobbs's practice?

Reference no: EM131584989

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