Practice Quiz

Veterinary Practice Manager

Category - CVPM

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When does inventory become a legal asset of the veterinary hospital?
  1. 30 days from title receipt
  2. upon shipment
  3. As soon as title has passed from the vendor to the veterinary practice
  4. upon delivery
Explanation
Answer: C-Inventory becomes a legal asset of the veterinary hospital as soon as title has passed from the vendor to the veterinary practice.
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