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In a consignment sale, the consignee a. records advertising paid for the consignment as an expense. b. makes a journal entry when the consigned merchandise
In a consignment sale, the consignee
| a. records advertising paid for the consignment as an expense. |
b. | makes a journal entry when the consigned merchandise is received. |
c. | only recognizes revenue associated with commissions. |
d. | recognizes both commission revenue and sales revenue |
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