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    Financial Accounting Study Set 21
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    Exam 4: Revenue Recognition and the Statement of Income
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    With Consignment Arrangements
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With Consignment Arrangements

Question 39

Question 39

Multiple Choice

With consignment arrangements


A) the consignee owns the goods
B) the consignor has physical possession of the goods
C) the consignor recognizes revenue when it transfers the goods to the consignee
D) the consignor owns the goods until they are sold

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