ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 59

a. The inventory is reported separately on the consignor's
balance sheet.

b. The inventory is combined with other inventory on the
consignor's balance sheet.

c. The inventory is reported separately on the consignee's
balance sheet.

d. The inventory is combined with other inventory on the
consignee's balance sheet.

27. Where should goods in transit that were recently
purchased f.o.b. destination be included on the balance sheet?