Question: When looking at the principal-agent arrangement, and the entity is determined to be a principal, how is revenue and cost of sales recorded? A. Gross

When looking at the principal-agent arrangement, and the entity is determined to be a principal, how is revenue and cost of sales recorded? 

A. Gross revenue less cost of sales are recorded. 

B. Commission is recorded as revenue. 

C. Gross revenue is recorded. 

D. No revenue is recorded.

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