Intermediate Accounting 14th Edition

by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.

Published by Wiley

ISBN 10: 0470587237

ISBN 13: 978-0-47058-723-2

Chapter 8 - Valuation of Inventories: A Cost-Basis Approach - Questions - Page 469: 6e

Answer

Not shown, possibly a note to the financial statements.

Work Step by Step

Goods received on consignment are still property of the consignor and should not be shown but can be disclosed through a note in the financial statement.

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