Goods on consignment:
A) Are reported on the consignor's books as inventory.
B) Are goods shipped by the owner to the consignee who sells the goods for the owner.
C) Are reported in the consignee's books as inventory.
D) Are goods shipped by the owner to the consignee who sells the goods for the owner and are reported in the consignee's books as inventory.
E) Are goods shipped by the owner to the consignee who sells the goods for the owner and are reported on the consignor's books as inventory.
Correct Answer:
Verified
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