Question: Under a consignment sales arrangement, revenue is recognized under the earnings approach: upon receipt by the consignor of notification of the sale. upon shipment of

Under a consignment sales arrangement, revenue is recognized under the earnings approach:


upon receipt by the consignor of notification of the sale. 


upon shipment of the merchandise to the consignee. 


upon receipt of the merchandise by the consignee. 


upon sale by the consignee.

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