Which Transaction Would Not Be Included in Year End Inventory

question 118

Multiple Choice

Which transaction would not be included in year end inventory?

• A)Goods received on consignment at year end.
• B)Goods shipped out on consignment at year end.
• C)Goods shipped FOB shipping point after year end.
• D)Goods received at year end.

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Definitions:

Personal Lifestyles

Refer to an individual's way of living as reflected in their activities, interests, and opinions.

Laggard

An individual or group that is slow to adopt new technologies, innovations, or trends, often the last in a population to do so.

Diffusion of Innovation

A theory that explains how, why, and at what rate new ideas and technology spread through cultures and societies.

Pioneer Product

The first product of its kind to be launched in the market by a company, often opening new categories.