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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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