Under what conditions are goods in transit legally reported as inventory by the (a) Seller? (b) Buyer?

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Under what conditions are goods in transit legally reported as inventory by the
(a) Seller?
(b) Buyer?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:18 AM

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Under what conditions are goods in transit legally reported as inventory by the (a) Seller? (b) Buyer?

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Intermediate Accounting

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