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Where, if at all, should the following items be classified on a balance sheet? A. Goods out on approval to customer B. Goods in transit

Where, if at all, should the following items be classified on a balance sheet?

A. Goods out on approval to customer

B. Goods in transit that were recently purchased f.o.b. destination

C. Land held by a realty firm for sale

D. Raw materials

E. Goods received on consignment

F. Manufacturing supplies

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