All of the following are indicators that the vendor is acting as an agent instead of as
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a. The other party is primarily responsible for fulfilling the contract.
b. The vendor has latitude in establishing prices for the other party’s goods or services.
c. The vendor does not have inventory risk.
d. The vendor’s consideration is in the form of a commission.
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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