Examlex
Which one of the following formulas of ionic compounds is the least likely to be correct?
Revenue Recognition
The accounting principle dictating the specific conditions under which revenue is recognized or recorded.
Shipment Date
The shipment date is the day on which goods are officially transferred from the seller to the carrier or dispatched for delivery to the buyer.
FOB Shipping Point
A shipping term indicating that the buyer assumes responsibility for the goods and shipping costs the moment the goods leave the seller's premises.
Title Passes
Refers to the transfer of ownership of property or goods from a seller to a buyer upon the fulfillment of certain conditions.
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