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When is the sale of consigned goods recognized as sales revenue by the consignor? when the consignor receives notification of a sale and payment from
When is the sale of consigned goods recognized as sales revenue by the consignor?
when the consignor receives notification of a sale and payment from the consignee.
when the consignor delivers the merchandise to the consignee.
when the consignor makes a sale to a third party.
when the consignee makes a sale to a third party and notifies the consignor.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
