Which Transaction Would Be Included in the Year End Inventory

question 79

Multiple Choice

Which transaction would be included in the year end inventory?

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

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Definitions:

Internal Nares

Openings located inside the nose that connect the nasal cavity to the throat, allowing for the passage of air.

External Nares

The nostrils; the external openings of the nasal cavity where air enters and exits the nose.

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue, at the top of the larynx, which prevents food and drink from entering the windpipe during swallowing.

Nasopharynx

The upper part of the throat located behind the nose, connecting the nasal cavity to the throat.