Which of the Following Should Be Included in the Physical

question 216

Multiple Choice

Which of the following should be included in the physical inventory of a company?

• A) Goods held on consignment from another company.
• B) Goods in transit to another company shipped FOB shipping point.
• C) Goods in transit from another company shipped FOB shipping point.
• D) Both b and c above.

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Definitions:

Zoning Ordinance

A law by local governments regulating the use and development of property within specific areas.

Dance Studio

A designated space or facility used for the teaching, practice, and performance of dance.

Commercial Activities

Business operations or transactions aimed at generating profit, including goods or services provided to consumers.

Zoning Ordinances

Local government laws that dictate how property in specific geographic zones can be used.