Question: How should Deed report the receipt and distribution of the merchandise in its income statement? a. At fair value for both dividend revenue and employee

How should Deed report the receipt and distribution of the merchandise in its income statement?

a. At fair value for both dividend revenue and employee compensation expense.

b. At listed retail price for both dividend revenue and employee compensation expense.

c. At fair value for dividend revenue and listed retail price for employee compensation expense.

d. By disclosure only.

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