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Goods on consignment are A) included in the consignee's inventory. B) recorded in a Consignment Out...

Goods on consignment are

A) included in the consignee's inventory.

B) recorded in a Consignment Out account which is an inventory account. C) recorded in a Consignment In account which is an inventory account. D) all of these

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Answer #1
Option B
The relationship between the consignor and consignee is that of a principal and agent. Though the inventory is physically with the consignee it must be included in the inventory of consignor.
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