Question

Farley Company identifies the following items for possible inclusion in the taking of a physical inventory. Indicate whether each item should be included or excluded from the inventory taking.
(a) Goods shipped on consignment by Farley to another company.
(b) Goods in transit from a supplier shipped FOB destination.
(c) Goods sold but being held for customer pickup.
(d) Goods held on consignment from another company.



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  • CreatedJanuary 30, 2014
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