What is the effect on net income when goods held on consignment are included in the ending

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What is the effect on net income when goods held on consignment are included in the ending inventory balance?

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...
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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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