Question: How should a consignee record goods held on consignment? Multiple Choice The goods should be included in cost of goods sold of the consignee as

How should a consignee record goods held on consignment?
Multiple Choice
The goods should be included in cost of goods sold of the consignee as soon as they are transferred from consignor to consignee.
The goods should be included in cost of goods sold of the consignee only once sold.
The goods should be included in ending inventory of the consignee as soon as they are transferred from the consignor to the consignee.
The goods should not be recorded as inventory or cost of goods sold by the consignee at any point during the consignment arrangement.
How should a consignee record goods held on consignment? Multiple Choice

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