Ace Hardware Store acts as agent for Plumbing Company ofAmerica. Accordingly, Ace holds merchandise on consignmentfrom Plumbing Company of America in its retail store. Plumbing Company of America

Select one:

a.

is known as the consignor.

b.

should not include the consigned inventory on its balancesheet.

c.

should record a profit when the inventory is consigned toAce.

d.

All of the above.

e.

None of these.