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Indicate whether the following merchandise in transit should be included or excluded from the purchasing company's inventory at December 31, 2010: $3,500 of merchandise purchased
Indicate whether the following merchandise in transit should be included or excluded from the purchasing company's inventory at December 31, 2010: $3,500 of merchandise purchased from a supplier, shipped FOB shipping point on December 27, in transit at year-end. plase explain ur
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