Business, 07.10.2021 14:00, julesR1987

A New York city company buys a product from a manufacturer in Los Angeles. The buyer closes its books on June 30. Assume the following details: Terms of trade are FOB shipping point; buyer sends purchase order to seller on June 10; seller ships goods on June 15; buyer receives goods on July 5; buyer receives seller's invoice on July 10. Based on this scenario, when did the buyer recognize the liability

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A New York city company buys a product from a manufacturer in Los Angeles. The buyer closes its book...