Presented below is a list of items that may or may not be reported as inventory in a company's balance sheet. Indicate whether these items would typically be reported as inventory at December 31 (Yes-A; No-B). 4. Goods held on consignment from another company. A. Yes B. No 15. Goods sold f.o.b. destination that are in transit at December 31. A. Yes B. No 16. Short-term investments in stocks and bonds that will be resold in the near future. A. Yes B. No