Which of the Following Should Not Be Included in the Count

question 90

Multiple Choice

Which of the following should not be included in the count of ending merchandise inventory?

• A) Damaged goods to be sold at a reduced price
• B) Goods in transit to which a company has title
• C) Goods in warehouses
• D) Goods sold but not yet delivered

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Definitions:

Alpine Lodge

A mountain lodge offering accommodations and services typically geared towards hikers, skiers, and outdoor enthusiasts in Alpine regions.

Valet Parking

A service where an attendant parks and retrieves vehicles for guests at a venue or establishment.

Gross Negligence

An extreme lack of care or failure to act that demonstrates a disregard for the safety or rights of others, potentially leading to legal liability.

Bailment

The transfer of a chattel by the owner to another for some purpose, with the chattel to be later returned or dealt with in accordance with the owner’s instructions.