ASSIGNMENT 2 MODULE 3 ACCOUNTING
Assignment 2: Discussion—Ethical Issues
Review the Ethical Issue: Dobbs Wholesale Antiques in chapter 5 (Page 317). By Saturday, July 8, 2017, address the following in your initial post:
- Under Dobbs FOB policy, when should the company record a sale?
- 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?