Goods on Consignment

Multiple Choice

Goods on consignment:

A) Are goods shipped by the owner to the consignee who sells the goods for the owner.
B) Are reported in the consignee's books as inventory.
C) Are goods shipped to the consignor who sells the goods for the owner.
D) Are not reported in the consignor's inventory since they do not have possession of the inventory.
E) Are always paid for by the consignee when they take possession of the goods.