ACC 205 Week 3 DQ 1 and 2 - ACC 205 Week 3 Discussion...

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ACC 205 Week 3 Discussion Question 1 and 2 ACC 205 - Principles of Accounting I Ashford Course Guide Week 3 Discussion 1 From Chapter 5, Ethical Issue 5-1. Complete all parts of the case and respond to at least two of your classmates’ postings. -Under Dobbs’ FOB policy, when should the company record a sale? -Do you approve or disapprove of Dobbs’ 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. Week 3 Discussion 2 Describe the inventory valuation methods FIFO and LIFO. Which items are included in ending inventory under each method? Respond to at least two of your classmates’ postings.
Week 3 Discussion 1 From Chapter 5, Ethical Issue 5-1. Complete all parts of the case and respond to at least two of your classmates’ postings. Under Dobbs’ FOB policy, when should the company record a sale? The sale should be recorded when it is made if Dobbs’ desires to be correct and truthful. The date of sale should always be recorded in the month it is made. The shipping date has nothing

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