4. (a) Reeves Company ships merchandise to Cox Company on December 30. The merchandise reaches the buyer
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4.
(a) Reeves Company ships merchandise to Cox Company on December 30. The merchandise reaches the buyer on January 6. Indicate the terms ofsale that will result in the goods being included in (1) Reeves’s December 31 inventory, and (2) Cox’s December 31 inventory,
(b) Under what circumstances should Reeves Company include consigned goods in its inventory?
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Related Book For 
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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