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Brandt company ships merchandise to england corporation on

(a) Brandt Company ships merchandise to England 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) Brandt"s December 31 inventory and (2) England"s December 31 inventory.

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

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Accounting Basics: Brandt company ships merchandise to england corporation on

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