4. on december 22, rstco (located in iowa) ordered 1,000 units of product from its supplier in utah. the…

4. on december 22, rstco (located in iowa) ordered 1,000 units of product from its supplier in utah. the supplier shipped the products on december 30. the sales invoice was dated december 30 and showed the agreed upon terms of net 30 days and fob destination. the products arrived at rstco’s warehouse on january 3. which company should report the 1,000 units as inventory on its december 31 balance sheet? select... rstco supplier both rstco and the supplier trucker luded in the quick ratio or acid - test ratio?

Answer