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The use of the net method of recognizing revenue by an agent is appropriate as long as both revenue and costs are included. could
The use of the net method of recognizing revenue by an agent is appropriate as long as both revenue and costs are included. could result in an overstatement of the agent's revenue. O is the correct method in a principal-agent relationship. O could result in an understatement of the agent's revenue.
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
