Multiple Choice
Glenrosa Company bought inventory from Monterosa Company,FOB destination.On December 31,the last day of the accounting year,the goods were on a truck owned by Common Carrier,Inc. ,and not expected to arrive until January 2.Which company should include these goods in its December 31 inventory?
A) Monterosa
B) Glenrosa
C) Common Carrier
D) None of them should include these goods in inventory.
Correct Answer:
Verified
Correct Answer:
Verified
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