Business, 04.05.2021 19:00 layja20

A company implements the following policy regarding inventory in transit: Goods purchased are included in inventory records, while goods sold are not included in inventory records. Management feels this policy is reasonable because it assigns inventory in transit to the party that initiated the transactions. Which of the following concepts is management not considering in implementing this policy? a. The kelihood that inventory purchased or sold will be returned.
b. The quantity of the inventory involved in the transaction.
c. The party who has title to the inventory while in transit.
d. The materiality of shipping costs.

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