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The use of the net method of recognizing revenue by an agent could result in an overstatement of the agent's revenue. is appropriate as long

The use of the net method of recognizing revenue by an agent

could result in an overstatement of the agent's revenue.

is appropriate as long as both revenue and costs are included.

could result in an understatement of the agent's revenue.

is the correct method in a principal-agent relationship.

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