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

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Which of the following should not be included in the physical inventory of an entity?

(a) Goods held on consignment from another entity.

(b) Goods shipped on consignment to another entity.

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

(d) All of the above should be included.

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Financial Accounting Reporting, Analysis And Decision Making

ISBN: 9780730363279

6th Edition

Authors: Shirley Carlon

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Question Posted: May 09, 2024 08:51 AM

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

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Financial Accounting Reporting, Analysis And Decision Making

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