No sales of consigned goods were made through December 31, 20x1. Stone's December 31, 20x1 balance sheet should include consigned inventory at
No sales of consigned goods were made through December 31, 20x1. Stone's December 31, 20x1 balance sheet should include consigned inventory at
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The choices are 12K, 12.5K 18K and 18.9 K

Transcribed Image Text:No sales of consigned goods
were made through December 31,
20x1. Stone's December 31, 20x1
balance sheet should include
consigned inventory at
Stone Co. had the following consignment transactions during December 20x1:
Inventory shipped on consignment to Beta Co.
Freight paid by Stone
Inventory received on consignment from Alpha Co.
Freight paid by Alpha
18,000
900
12,000
500
12,000
12,500
18,000
18,900
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