Which of the Following Is Correct

question 26

Multiple Choice

Which of the following is correct?

• A)Goods on consignment are included in the consignee's inventory.
• B)Goods on consignment are included in the consignor's inventory.
• C)The consignee essentially has the risks and rewards of ovwnership.
• D)Inventory on consignment is always shown in a separate account.

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Definitions:

Instinctual Satisfaction

The fulfillment of innate biological drives or needs, such as hunger or sexual desire.

Basically Good

A philosophical and psychological concept suggesting that human nature is fundamentally benevolent or positive.

Minimizing

The act or strategy of reducing something, especially negative impacts or aspects, to the smallest possible amount or degree.

Greater Emphasis

Placing more importance or stress on a particular aspect or element.