The following table provides a summary of the revenue recognition that would occur if the company Biovail implemented (i) ‘free on board’ (FOB) Biovail; or (ii) FOB destination. Justify the choice of timing selected for each of the six cells in the following table. (10

| February 14, 2018

The following table provides a summary of the revenue recognition that would occur if the company Biovail implemented (i) ‘free on board’ (FOB) Biovail; or (ii) FOB destination. Justify the choice of timing selected for each of the six cells in the following table. (10 marks) FOB Biovail FOB Destination Ownership transfers: Upon shipment from Biovail facility in Manitoba, Canada Upon delivery to North Carolina facility of Distributor Revenue is earned: U …

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