Which of the following would NOT be included as inventory on a company's balance sheet? A. Goods sent to another company to be sold on consignment (company is the principal) B. Goods sold FOB shipping still not shipped. C. Goods sold FOB destination still in - transit. D. Goods received from another company to be sold on consignment (company is the agent)
Which of the following would NOT be included as inventory on a company's balance sheet? A. Goods sent to another company to be sold on consignment (company is the principal) B. Goods sold FOB shipping still not shipped. C. Goods sold FOB destination still in - transit. D. Goods received from another company to be sold on consignment (company is the agent)
Which of the following would NOT be included as inventory on a company's balance sheet? A. Goods sent to another company to be sold on consignment (company is the principal) B. Goods sold FOB shipping still not shipped. C. Goods sold FOB destination still in - transit. D. Goods received from another company to be sold on consignment (company is the agent)
Transcribed Image Text:Which of the following would NOT be included as inventory on a company's balance sheet? A. Goods sent to another
company to be sold on consignment (company is the principal) B. Goods sold FOB shipping still not shipped. C. Goods
sold FOB destination still in - transit. D. Goods received from another company to be sold on consignment (company is
the agent)
Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.
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