Goods that a company holds that are not reported on the company's balance sheet are called:
A)finished goods.
B)consignment inventory.
C)raw materials.
D)work in process.

Name: Goods that a company holds that are not reported on the company's balance sheet are called: A)finished goods. B)consignment inventory. C)raw materials. D)work in process.
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Question

Quizplus · Accepted Answer

Consignment goods are held by a company on behalf of the owner of those goods.They do not belong to the company,and are not reported on its balance sheet.

Goods That a Company Holds That Are Not Reported on the Company's