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XYZ Company identies the following items for possible inclusion in the taking of a physical inventory. Indicate whether each item should be included or excluded

XYZ Company identies the following items for possible inclusion in the taking of a physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) Goods shipped on consignment by XYZ to another company. (b) Goods in transit from a supplier shipped FOB destination. (c) Goods sold but being held for customer pickup. (d) Goods held on consignment from another company.

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