When looting corpses, items moved from one inventory to another appear in both locations.
The items remain on the corpse in some capacity. I removed an item from a corpse and placed it in my inventory. The item appeared in both mine and the dead player's inventories. A second player was then asked to loot the corpse. When he removed the same item I had removed, it disappeared from my inventory and appeared in both the second player's and the corpse's inventories.
Thank you!