Which of the following statements is correct? O Goods in transit (on board a truck, train, ship, or plane) should be included in the inventory of the company that has legal title to the goods. O Consigned goods are inventory held by a company (called the consignor) that it is trying to sell on behalf of the company that owns the inventory (called the consignee). O The consignor receives a fee or commission when it sells the consigned goods. O FOB destination means inventory belongs to the buyer when it is shipped. en 9 en Wa pro a. S b. S AC de

Which of the following statements is correct? Goods in transit (on board a truck, train, ship, or plane) should be included in the inventory of the company that has legal title to the goods. Consigned goods are inventory liedd by a company (called the consignor) that it is trying to sell on behalf of the company that owns the inventory (called the consignee). The consignor receives a fee or commission when it sells the consigned goods. FOB destination mears imventory belongs to the buyer when it is shipped