Question: In Transaction D , how should the 3 % commission paid to the agent be recognised on 1 December 2 0 x 4 ? A

In Transaction D, how should the 3% commission paid to the agent be recognised on 1December 20x4?
A.
As a contingent asset.
B.
As a contract liability.
C.
As an expense.
D.
As cost of sales.
E.
As a contract asset.

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