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Millar Company ships merchandise to Branyan Corporation on December 30

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Millar Company ships merchandise to Branyan Corporation on December 30. The merchandise reaches the buyer on January 5. Indicate the terms of sale that will result in the goods being included in

(1) Millar's December 31 inventory.

(2) Branyan's December 31 inventory.

(3) Under what circumstances should Millar Company include consigned goods in its inventory?

Option 1

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Option 2

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