A companys merchandise inventory includes all of the, Ask an Expert

Accounting

A company's merchandise inventory includes all of the following, except:

a) goods in warehouses.

b) goods sold, but not yet delivered.

c) goods in transit from suppliers, if title has passed to the merchandiser.

d) goods in trucks between the warehouse and the store.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9432322

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