Company a Has Inventory Out on Consignment and Held for Sale

question 40

Multiple Choice

Company A has inventory out on consignment and held for sale by Company B.Which Company will include the goods in their inventory?

• A)Company A
• B)Company B
• C)Either Company A or Company B
• D)Cannot be determined from the facts

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Definitions:

Chi-Square Test

A statistical method used to assess the differences between categorical variables in a contingency table.

Distribution

Describes the way values of a variable or data points are spread or dispersed across a range.

Degree Of Freedom

The number of independent pieces of information available to estimate another piece of information, often in statistical analysis.

Chi-Square Test

A statistical test used to determine if there is a significant association between two categorical variables.