Bonita company ships merchandise to myan corporation on, Accounting Basics

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Bonita company ships merchandise to myan corporation on

Question: (a) Bonita Company ships merchandise to Myan Corporation on December 30. The merchandise reaches the buyer on January 5. Indicate the terms of sale that will result in the goods being included in

(1) Bonita's December 31 inventory and

(2) Myan's December 31 inventory.

(b) Under what circumstances should Bonita Company include consigned goods in its inventory?

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