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Consigned Goods Are Recognized as Revenues by the

Question 55

Multiple Choice

Consigned goods are recognized as revenues by the


A) consignor when a sale to a third party has occurred.
B) consignor when the merchandise has been shipped to a consignee.
C) consignee when a sale to a third party has occurred.
D) consignor when it receives payment from consignee for goods sold.

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