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2 Cards in this Set
- Front
- Back
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Goods on Consignment - 2 types
(1) Out on Consignment (2) Held on Consignment - the differences are? |
(1) goods should be included in inventory at cost b/c title to the goods has not changed.
(2) Held - not to be included in inventory |
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The cost of an inventory item is
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the cash price or fair value of other consideration given in exchange for it.
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