Which of the following should be included in the physical inventory of a company? A) Both goods in transit to and from another company shipped FOB shipping point. B) Goods held on consignment from another company. C) Goods in transit from another company shipped FOB shipping point. D) Goods in transit to another company shipped FOB shipping point.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following should be included in the physical inventory of a company? A) Both goods in transit to and from another company shipped FOB shipping point. B) Goods held on consignment from another company. C) Goods in transit from another company shipped FOB shipping point. D) Goods in transit to another company shipped FOB shipping point.
Which of the following should be included in the physical inventory of a company?
O a. Both goods in transit to and from another company shipped FOB shipping point.
Ob. Goods held on consignment from another company.
O c. Goods in transit from another company shipped FOB shipping point.
O d. Goods in transit to another company shipped FOB shipping point.
Transcribed Image Text:Which of the following should be included in the physical inventory of a company? O a. Both goods in transit to and from another company shipped FOB shipping point. Ob. Goods held on consignment from another company. O c. Goods in transit from another company shipped FOB shipping point. O d. Goods in transit to another company shipped FOB shipping point.
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