How Is a Significant Amount of Consignment Inventory Reported in the Statement

question 32

Multiple Choice

How is a significant amount of consignment inventory reported in the statement of financial position?

• A) The inventory is reported separately on the consignor's statement of financial position.
• B) The inventory is combined with other inventory on the consignor's statement of financial position.
• C) The inventory is reported separately on the consignee's statement of financial position.
• D) The inventory is combined with other inventory on the consignee's statement of financial position.

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