Indicate whether the following items should be included in the inventory of XO Group, a company that

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Indicate whether the following items should be included in the inventory of XO Group, a company that arranges and supplies wedding services for couples and other wedding consultants.

a. Goods being held by XO Group on consignment from Emerald Bridal.

b. Goods in transit to Winston Wedding Consultants, sold FOB shipping point by XO Group.

c. Goods in transit to XO Group, purchased FOB shipping point by XO Group.

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a These items are not reported as XO Groups inventory because Emerald Bridal sti...View the full answer

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