1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bogdan [553]
3 years ago
12

How is a significant amount of consignment inventory reported in the balance sheet? a)The inventory is reported separately on th

e consignor's balance sheet. b)The inventory is combined with other inventory on the consignor's balance sheet. c)The inventory is reported separately on the consignee's balance sheet. d)The inventory is combined with other inventory on the consignee's balance sheet.
Business
1 answer:
Georgia [21]3 years ago
4 0

Answer: Option A

               

Explanation: Consignment refers to a business arrangement under which an an individual or an entity sends its goods to some other entity ,acting as an agent, to sell their goods. The sender is called the consignor and that agent acting on behalf is the consignee.

The profit from the sale goes to the consignor while the consignee gets other benefits like commission.

Thus, the goods actually belongs to the consignor therefore the inventory of those goods will be shown in the consignors balance sheet.

You might be interested in
Using information to design a marketing strategy to acquire/retain clientele is known as:_____.A) Behavioral targetingB) Custome
DedPeter [7]

Answer:

Customer relationship management

Explanation:

Customer relationship management is a strategy used in most organisation    in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.

7 0
3 years ago
A customer has signed a Letter of Intent (LOI) to buy $25,000 of XYZ mutual fund to qualify for a breakpoint that reduces the sa
Liono4ka [1.6K]
Hthjttjbbtnntntnybbbybt
6 0
3 years ago
Currency that derives its value from the amount printed on it rather than from the value of the paper or metal from which it is
labwork [276]

Currency that derives its value from the amount printed on it is known as fiat money.

<h3>What is fiat money?
</h3>

Fiat money is currency whose value is not backed up by any asset. The value of fiat money is dependent on the amount printed on it. This differs from representative money whose value depends on the value of the metal from which it is made from.

To learn more about money, please check: brainly.com/question/940436

#SPJ1

7 0
2 years ago
Choose the correct answer and rationale. “The prices listed on retail websites...”
Cloud [144]

Odd consecutive integers are odd integers that follow each other. They have a difference of 2 between every two numbers. If n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". Examples.

5 0
3 years ago
Read 2 more answers
Assume for this question that herman has 55 employees. when herman asks sally about jake's ability to see, what would be conside
Serhud [2]
<span>Herman would have to take action if he find's out from Sally that Jake has a visual impairment. He would have to consider whether or not he could reasonably make changes that would allow Jake to still do his job, or if the needed changes would cause an undue hardship on the business.</span>
7 0
3 years ago
Other questions:
  • 2) Match the scenarios with the ethical frameworks. Certain-Tees, Inc., executives believe in absolute values including the wise
    6·1 answer
  • Al's Sport Store has sales of $897,400, costs of goods sold of $628,300, inventory of $208,400, and accounts receivable of $74,1
    9·1 answer
  • Joe is an 18 year old high school student. If there is a sharp rise in interest rates, which situation BEST reflects how Joe's l
    11·1 answer
  • Using ABC in a service company
    12·1 answer
  • Managing inventory and avoiding out-of-stock situations is critical to the success of this type of client. What type of client d
    11·1 answer
  • The owner of an Italian restaurant has just been notified by her landlord that the monthly lease on the building in which the re
    7·1 answer
  • Jackson company has the following financial information for their most recent fiscal year: Revenues Cost of Sales Interest Expen
    11·1 answer
  • Which requires that certain amounts of money be withheld from employees for fees related to
    6·2 answers
  • Generally, parties of 8 or more require many restaurants to include gratuity of 18% on the check before presenting to the guest.
    12·1 answer
  • Problem solving and critical thinking are ______ because they use logic and reasoning to develop and evaluate options
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!