Which of the following should not be included in the physical inventory of a company? (a) Goods

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Which of the following should not be included in the physical inventory of a company?

(a) Goods held on consignment from another company.

(b) Goods shipped on consignment to another company.

(c) Goods in transit from another company shipped FOB shipping point.

(d) None of the above.

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Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

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Question Posted: Feb 11, 2024 06:00 AM

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Which of the following should not be included in the physical inventory of a company? (a) Goods

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a Goods held on consignment should not be included because another company has ...View the full answer

Financial Accounting

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