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    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
  5. Question
    Merchandise Inventory Includes
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Merchandise Inventory Includes

Question 61

Question 61

Multiple Choice

Merchandise inventory includes:


A) All goods in transit.
B) All goods on consignment.
C) Only damaged goods.
D) All goods owned by a company and held for sale.
E) Only non-damaged goods.

Correct Answer:

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