Accounting Chapter 6 Practice Quiz Flashcards

Sunday, May 9, 2021

Accounting Chapter 6 Practice Quiz Flashcards | Quizlet

May 09, 2021 / by NewsGeek / with No comments /

Which of the following should not be included in the physical inventory of a company? A) Goods held on consignment from another company. B) Goods in transit from another company shipped FOB shipping point. C) Goods shipped on consignment to another company. D) All of the above should be included.Which of the following should not be included in the physical inventory of a company? Group of answer choices a) Goods held on consignment from another company b) All of the answer choices are correct. c) Goods shipped on consignment to another company d) None of these choices is correct.which of the following should not be included in the physical inventory of a companyWhich of the following should not be included in the physical inventory of a company? Goods held on consignment from another company. As a result of a thorough physical inventory, Railway Company determined that it had inventory worth $180,000 at December 31, 2012. This count did not take into consideration the following facts: RogersWhich of the following should not be included in the physical inventory of a company? A. Goods held on consignment from another company. B. Goods shipped on consignment to another company. C. Goods in transit from another company shipped FOB shipping point. D. None of the above. 2.

Which of the following should not be included in the

Which of the following should be included in the physical inventory of a company a). Goods held on consignment from another company. b). Goods in transit to another company shipped FOB shipping point. c). Goods in transit from another company shipped FOB shipping point. d). Both b and c above.the accuracy of the inventory summary sheets is checked by the person listing the quantities on the sheets. d. unit costs are determined by dividing the quantities on the summary sheets by the total inventory costs. 5. Which of the following should not be included in the physical inventory of a company? a. Goods held on consignment from anotherWhich of the following should not be included in the physical inventory of a company? Goods her on consignment from another company. Goods in transit from another company shipped FOB shipping point. Goods shipped on consignment to another company.Which of the following should not be included in the physical inventory of a company? Entry field with correct answer Goods held on consignment from another company Goods in transit from another company shipped FOB shipping point All of the answer choices are correct. Goods shipped on consignment to another company

which of the following should not be included in the

Which of the following should not be included in the physical inventory of a company? a. Goods held on consignment from another company. b.Goods in transit from another company shipped FOB shipping point. c. Goods shipped on consignment to another company. d.All of these answer choices should be included.not be included in the physical inventory at year-end. True False 17. During periods of inflation, the specific identification cost flow assumption will yield a higher cost of goods sold than LIFO. True False 18. If the terms of a sale are F.O.B. shipping point, the sale should not be recorded until the goods are delivered to the buyer.Which of the following is not a legitimate busines... Which of the following should not be included in t... When is a physical inventory usually taken? a. W... On January 1, 2010 the Fastor Company had a retain... The Keener Company has had 1,000 shares of 7%, $10... Wheeler Company began 2010 with 10,000 shares of $...Question: Which Of The Following Should Not Be Included In The Physical Inventory Of A Company?a. Goods Held On Consignment From Another Company.b. Goods Shipped On Consignment To Another Company.c. Goods In Transit From Another Company Shipped FOB Shipping Point.d. None Of The Above.The freight bill was not included in either the inventory or in accounts payable at December 31, 2006. g. All of the purchases from Dacalos Company occurred during the last seven days of the year. These items have been recorded in accounts payable and accounted for in the physical inventory at cost before discount.

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