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Figure 3.3
Using the figure above, answer the following questions.
-Identify the specific structure indicated by Label B.
Consignment-in
Goods held for sale by one party although ownership is retained by another party.
Commissions Earned
Income received by salespersons, brokers, or agents based on sales or transactions completed.
Deferred Gross Profit
The portion of profit resulting from sales made on installment that is not recognized immediately but deferred to future periods.
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