Which of the Following Items Should Be Included in Inventory

question 142

Multiple Choice

Which of the following items should be included in inventory at the statement of financial position date?

• A) goods in transit that were purchased FOB destination
• B) goods received from another company for sale on consignment
• C) goods sold to a customer that are being held for the customer to call for at his or her convenience
• D) goods in transit that were purchased FOB shipping point

---

Definitions:

Conscious Awareness

The state of being mentally aware of one's surroundings, thoughts, and feelings; the ability to experience and reflect upon oneself and the environment.

Unconscious Thoughts

Mental processes that occur without conscious awareness, influencing feelings, actions, and decisions in ways that are not fully apparent to the individual.

Psychoanalytic Techniques

Methods used in psychoanalysis to explore the unconscious mind and resolve deep-seated psychological conflicts.

Self-Esteem

Self-esteem refers to the perception and evaluation of one's own worth, including feelings of confidence and respect for oneself.