ACC 100 Accounting Principles, Essay Help

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Business Finance

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Brief Exercise 6-1

Farley Company identifies the following items for possible inclusion in the
taking of a physical inventory.
Indicate whether each item should be "Included" or "Not Included" from the
inventory taking.
(a) Goods shipped on consignment by Farley to another company.
(b) Goods in transit from a supplier shipped FOB destination.
(c) Goods sold but being held for customer pickup.
(d) Goods held on consignment from another company.
Brief Exerci...


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