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MMLU-Pro / 5192 / Stone Co. had the following consignment transactions during December year 1:…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Stone Co. had the following consignment transactions during December year 1: Inventory shipped on consignment to Omega Co. 36000FreightpaidbyStone36000 Freight paid by Stone 1800 Inventory received on consignment from Gamma Co. 24000FreightpaidbyGamma24000 Freight paid by Gamma 1000 No sales of consigned goods were made through December 31 year 1. What amount of consigned inventory should be included in Stone's December 31 year 1 balance sheet?
Plain-text mathematical notation (without MathML)
Stone Co. had the following consignment transactions during December year 1: Inventory shipped on consignment to Omega Co. 36000FreightpaidbyStone1800 Inventory received on consignment from Gamma Co. 24000FreightpaidbyGamma1000 No sales of consigned goods were made through December 31 year 1. What amount of consigned inventory should be included in Stone's December 31 year 1 balance sheet?
Original LaTeX notation
Stone Co. had the following consignment transactions during December year 1: Inventory shipped on consignment to Omega Co. $36000 Freight paid by Stone $1800 Inventory received on consignment from Gamma Co. $24000 Freight paid by Gamma $1000 No sales of consigned goods were made through December 31 year 1. What amount of consigned inventory should be included in Stone's December 31 year 1 balance sheet?

category

other

options

  1. 37800
  2. $18,000
  3. $24,000
  4. $30,000
  5. $36,000
  6. $25,000
  7. $42,000
  8. $35,000
  9. $48,000
  10. $40,000

src

ori_mmlu-professional_accounting

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Source and history

Official source

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