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Identify the items that are included in merchandise inventory. (In your answer address the special situations of goods in transit, consigned goods,...

Identify the items that are included in merchandise inventory. (In your answer address the special situations of goods in transit, consigned goods, and damaged goods.)

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541814_ACC.doc

Merchandise Inventory can be defined as all items owned and held for resale by the
merchant or trader. This merchandise inventory may be in physical possession of the
merchant or away either in...

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