Garcia Company identifies the following items for possible inclusion in the physical inventory. For each...
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Accounting
Garcia Company identifies the following items for possible inclusion in the physical inventory. For each of the following 4 items, please indicate whether item should be included or excluded from the inventory taking. i. Goods held on consignment from another company. ii. Goods shipped on consignment by Garcia to another company. iii. Goods in transit from a supplier shipped FOB destination. iv. Goods shipped via common carrier to a customer with terms FOB shipping point
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