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When Accounting for Inventory Consignments, the Issue Which Helps Determine

Question 53

Multiple Choice

When accounting for inventory consignments, the issue which helps determine whether or not the inventory cost should be included on a company's balance sheet is:


A) whether the inventory is physically located in the company's warehouse.
B) who actually owns title to the inventory.
C) who will ultimately sell the inventory to the consumer.
D) when the inventory will be sold.

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