13 of 18 Sony Company took a physical inventory at December 31, 2020 and determined that $15,800,000 of goods were on hand. Included in the count was inventory of $2,800,000 on consignment from Samsung Company. On December 30, Sony sold and shipped F.O.B. destination $3,280,000 worth of inventory. These goods arrived at the buyer's place of business on January 2, 2021. What amount should Sony report for inventory on its December 31, 2020 statement of financial position? O $15, 800,000. O $16,280,000. $13,480,000. O $19,080,000.

13 of 18 Sony Company took a physical inventory at December 31, 2020 and determined that $15,800,000 of goods were on hand. Included in the count was inventory of $2,800,000 on consignment from Samsung Company. On December 30, Sony sold and shipped F.O.B. destination $3,280,000 worth of inventory. These goods arrived at the buyer's place of business on January 2, 2021. What amount should Sony report for inventory on its December 31, 2020 statement of financial position? O $15, 800,000. O $16,280,000. $13,480,000. O $19,080,000.

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Description: 13 of 18Sony Company took a physical inventory at December 31, 2020 and determined that $15,800,000 of goods were on hand. Included in the countwas inventory of $2,800,000 on consignment from Samsung Company. On December 30, Sony sold and shipped F.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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