Solution-Goods out on approval to customers

Goods out on approval to customers

Reference no: EM131113625

1. Where, if at all, should the following items be classified on a balance sheet?

(a) Goods out on approval to customers.
(b) Goods in transit that were recently purchased f.o.b. destination.
(c) Land held by a realty firm for sale.
(d) Raw materials.
(e) Goods received on consignment.
(f) Manufacturing supplies.

Reference no: EM131113625

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Goods out on approval to customers

Reference no: EM131113625

Reference no: EM131113625

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