What Is Consigned Inventory

question 31

Multiple Choice

What is consigned inventory?

• A) Goods that are shipped, but title transfers to the receiver.
• B) Goods that are sold, but payment is not required until the goods are sold.
• C) Goods that are shipped, but title remains with the shipper.
• D) Goods that have been segregated for shipment to a customer.

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Definitions:

Trade Magazine

A publication targeted at professionals in a specific industry, providing news, trends, and other industry-specific information.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Closed-ended Question

A type of question that is formulated in a way that limits the respondent's answer to a set of choices.

Proposed Expansion

Proposed expansion refers to a plan or suggestion to increase the size, scope, or operations of a business or project.