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If the supplier pays freight charges, then ownership of inventory passes when goods arrive at their destination. True False Net realizable value for damaged or
If the supplier pays freight charges, then ownership of inventory passes when goods arrive at their destination. True False Net realizable value for damaged or obsolete goods is sales price plus the cost of making the sale. True False One of the most important decisions in accounting for inventory is determining the per-unit costs assigned to inventory items. True False The cost of an inventory item includes its invoice price plus any added or incidental costs necessary to put it in a place and condition for sale. True False When taking a physical count of inventory, the use of pre-numbered inventory tickets assists in the control process. True False
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