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Present below is the list of items that may or may not be
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Present below is the list of items that may or may not be reported as investment of items that may not be reported as inventory in a company's December 31 balance.

Indicate which of these items would typically be reported as inventory in the financial statements.  If an item should not be reported as an inventory in financial statements.  If an item should be reported in the financial statements

                                                                                                                                                                                             Item in financial statements             Financial statements

1.  Goods out on consignment at another company's store                                                                                    __________________________________        ___________________________

 







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