ABC Company transfers $8,000 of Inventory to XYZ Company on consignment. Which company should include...
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ABC Company transfers $8,000 of Inventory to XYZ Company on consignment. Which company should include the Inventory on their balance sheet at the end of the year? Both companies Neither company ABC Company O XYZ Company Ending inventory can be calculated as: O Beginning Inventory + Cost of Goods Sold - Purchases O Beginning Inventory + Purchases - Cost of Goods Sold O Beginning Inventory - Cost of Goods Sold O Beginning Inventory + Purchases
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