Which of the Following Should Not Be Included in the Physical

question 142

Multiple Choice

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

• A)Goods held on consignment from another company.
• B)Goods in transit from another company shipped FOB shipping point.
• C)Goods shipped on consignment to another company.
• D)All of these answer choices should be included.

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Definitions:

Closing Prices

The final price at which a security is traded on a given trading day, used for record-keeping and performance evaluation.

Decrease Percentage

The rate at which a quantity diminishes in comparison to its original value.

Sole Proprietorship

A business that is owned by one person.

Public Corporation

A corporation where any person can purchase a share of stock in the corporation.