Use the Following Information for Questions 108 and 109 -The Inventory of TVs Will Be Reported on Whose Balance

question 36

Short Answer

Use the following information for questions 108 and 109.
On May 1, 2015, TV Inc. consigned 80 TVs to Ed's TV. The TVs cost $450. Freight on the shipment paid by Ed's TV was $1,000. On July 10, TV Inc. received an account sales and $21,500 from Ed's TV. Thirty TVs had been sold and the following expenses were deducted: $$\begin{array} { l c } \text { Freight } & \$ 1,000 \\\text { Commission (20\% of sales price) } & ? \\\text { Advertising } & 650 \\\text { Delivery } & 350\end{array}$$
-The inventory of TVs will be reported on whose balance sheet and at what amount?

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Conduct

The manner in which a person behaves, especially on a professional or business level.

Managers

Individuals who take responsibility for directing the activities within a part of an organization, overseeing employees, and making strategic decisions.

Adjourning Stage

The final phase in group development where the group wraps up activities and the members go their separate ways.

Celebratory

Pertaining to or involving activities done in honor of an event or achievement.