Which of the Following Should Not Be Included in the Inventory

question 68

Multiple Choice

Which of the following should not be included in the inventory of a company using GAAP?

• A) None of these answer choices are correct.
• B) Goods in transit from another company shipped FOB shipping point.
• C) Goods shipped on consignment to another company.
• D) Goods held on consignment from another company.

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Definitions:

Venous Valves

Structures within veins that prevent the backward flow of blood, crucial for blood returning to the heart.

Tunica Media

The middle layer of the wall of a blood vessel consisting mainly of smooth muscle cells and elastic fibers, responsible for regulating the diameter of the vessel.

Lumen

The inside space of a tubular structure, such as a blood vessel or intestine.

Carotid Sinus

A dilated area at the base of the internal carotid artery that contains receptors to help regulate blood pressure.