Under a Consignment Sales Arrangement, Revenue Is Recognized Under the Earnings

question 47

Multiple Choice

Under a consignment sales arrangement, revenue is recognized under the earnings approach

• A) upon shipment of the merchandise to the consignee.
• B) upon receipt of the merchandise by the consignee.
• C) upon sale by the consignee.
• D) upon receipt by the consignor of notification of the sale.

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