Question
Question 1 of 9 View Policies Current Attempt in Progress Consider each of the following independent situations 75 1 Situation A a. At year-end,
Question 1 of 9 View Policies Current Attempt in Progress Consider each of the following independent situations 75 1 Situation A a. At year-end, Cosmic Inc. has shipped, FOB destination, $2,700 worth of merchandise that is still in transit to Stargazer inc Which company should include the $2,700 as part of inventory at year-end should show the $2.700 in its inventory at year-end b. Cosmic Inc. has shipped goods to Stargazer Inc. and has arranged that Stargazer will sell the goods on consignment for Cosmic Identify the consignor and the consignee. Which company should include any goods as part of inventory? The consignoris The consignee is should show the $2.700 in its inventory at year end eTextbook and Media The consignor should includet
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