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Which of the following statements is true regarding consignment arrangements? The consignee (sales agent records sales revenue for the when it receives inventory from the consignor (original party) The consignee (sales agent) maintains control of the inventory while it is in their possesion. The consignor (original party maintains control of the inventory until the items are sold from the consignee. The consignor (original party) records revenue when the inventory is transferred to the consignee (sales agent). Seven Flags Park offers a promotion to customers who purchase a one day pass with parking at its park plus a meal voucher for a total of 575. Seven Flags can selach of the contract promises separately at these standalone values day pass $45. parking 520. meal voucher $30. Compute the allocated transaction price for the day pass using a relative for market value allocation 535.53 $39.47 557 O 545