How are goods on consignment accounted for?
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Merchandise inventory includes
a. All goods owned by a company and held for sale
b. All goods in transit
c. All goods on consignment
d. Only damaged goods
e. Only items that are on the shelf
Under a consignment arrangement, the consigned goods should be included in the consignee's inventory. True or False?
Choose the correct answer for the below:
Merchandise Inventory Includes:
A. All Goods Owned By A Company And Held For Sale
B. All Goods In Transit
C. All Goods On Consignment
D. Only Damaged Goods
E. Only Items That Are On The Shelf