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    Financial Accounting Study Set 1
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    Exam 7: Inventory and Cost of Goods Sold
  5. Question
    Goods in Transit Are
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Goods in Transit Are

Question 111

Question 111

Multiple Choice

Goods in transit are:


A) inventory items being transported from a seller to a buyer.
B) always included in the transportation company's inventory.
C) always included in the selling company's inventory.
D) always included in the buying company's inventory.

Correct Answer:

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