Solved: Why consigned goods not included in physical inventory, Finance Basics

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Why consigned goods not included in physical inventory

Problem:

Why are consigned goods not included in the physical inventory? Why would goods not present be determined in inventory? What impact does FOB shipping point and FOB destinations have on revenue recognition? Find a company, and find if this company uses FOB shipping point or FOB destination. Explain why a company would choose one method over the other.

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Finance Basics: Why consigned goods not included in physical inventory

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