Assignment: 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?
Provide substantive responses to at least two other students' initial posts.