2:45:29 7 of 28 Mark Charlotte Richards (CR) shipped 100 dosks to Universal Desks (UD) on consignment on September 1. CR's cost for the desks is $600 each and they are sold to UD for $800. UD then retails them for $1,200 each. By the end of September, Universal Desks reported that they had sold 50 of these desks, and remitted the appropriate amount to CR. How much revenue should be recorded by CR in connection with this transaction? O a. $30,000 b. $ 40,000 OC $ 48,000 O d. $ 60,000 Unsure Exam Support 18 of 28 Marks Celestial Co. offers a discount to customers when they order a large number of units. Under IFRS that price reduction should be recorded for Celestial as alan O a expense Ob other gain or loss. Od reduction of inventory Od reduction of revenue. Unsure