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4 November, 10:22

On December 23, 2018 , Silverman Sports Manufacturing sells a truckload of merchandise to the Baseball World store in Cincinnati , Ohio. The terms of the sale are FOB destination. The truck runs into bad weather on the way to Cincinnati and doesn't arrive until January 2, 2019. Silverman 's invoice totals $ 160,000. The company's year-end is December 31.

1. What amount should Silverman reflect in its 2018 income statement for this sale?

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  1. 4 November, 13:30
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    Explanation:

    0 amount should Silverman reflect in its 2018 income statement for this sale because the good was delivered after 12/31/18.
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