Question: Goods on consignment: Multiple Choice Are always paid for by the consignee when they take possession of the goods. Are reported in the consignee's books
Goods on consignment:
Multiple Choice
Are always paid for by the consignee when they take possession of the goods.
Are reported in the consignee's books as inventory.
Are not reported in the consignor's inventory since they do not have possession of the inventory.
Are goods shipped by the owner to the consignee who sells the goods for the owner.
Are goods shipped to the consignor who sells the goods for the owner.
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