Kristin's Boutiques has identified the following items for possible inclusion in its December 31, 2010 inventory. Which of the following would not be included in the year end inventory?
A) Merchandise purchased FOB shipping point was picked up by the freight company but had still not arrived at Kristin's Boutique as of December 31, 2010.
B) Kristin has in its warehouse merchandise on consignment from Abby Co.
C) Kristin has sent merchandise to various retailers on a consignment basis
D) Kristin has merchandise on hand which has been returned by customers because of wrong size.
B
You might also like to view...
A plant asset is fully depreciated when the book value is equal to the salvage value
Indicate whether the statement is true or false
Why is it important to consider marketing as an investment rather than as an expense?
What will be an ideal response?
A(n) ____________________ contract is the agreement executed by an owner and real estate broker for the sale of the owner's property
Fill in the blank(s) with correct word
Under the exceptions to the contract bar rule, the Board provides a window, or "open season," during which a rival union can offer its challenge by filing a(n):? A) ?petition for injunction
B) petition for summary dismissal.? C) criminal complaint.? D) election petition.