All of the following statements related to goods on consignment are true except:
A. A consignee sells goods for the owner.
B. The consignor continues to own the consigned goods.
C. Goods on consignment are goods provided by the owner, call the consignor.
D. The consignor reports the goods in its inventory until sold.
E. The consignee reports the goods in its inventory until sold.
Answer: E
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