Alex Guerin is an artist who sells his work under consignment (he displays his work in local barbershops, and customers purchase his work there). Guerin recently transferred a painting on consignment to a local barbershop. After Guerin has transferred a painting to a barbershop, the painting: A. Should be counted in the barbershop's inventory, as the barbershop now possesses it. B. Should be counted in Guerin's inventory until the barbershop sells it. C. We lack sufficient information to know who should carry the painting in inventory. D. Should be counted in either Guerin's or the barbershop's inventory, depending on which incurred the cost of preparing the painting for display
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Alex Guerin is an artist who sells his work under consignment (he displays his work in local barbershops, and customers purchase his work ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Choose as many answers as apply. Which of the following services are generally available at a bank? financial counseling fire insurance wills estate planning
Answers (2)
The music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes: a. how music companies limit our music choices b. our personal taste and decisions regarding music c.
Answers (1)
Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $480,000, variable expenses of $360,000, and fixed expenses of $140,000.
Answers (1)
Dan 's Chair Factory currently employs 50 workers, who produce 800 chairs. If Dan hires a 51st worker, output will rise to 925. What is the average product of the 51st worker?
Answers (1)
On January 1, a company issued 7%, 15-year bonds with a face amount of $90 million for $82,218,585 to yield 8%. Interest is paid semiannually. What was interest expense at the effective interest rate on June 30, the first interest date
Answers (1)
New Questions in Business
True or False: The basic economic theory of supply and demand suggests that when price drops, consumers will buy more and thus generate stronger demand.
Answers (1)
If you think carefully about what you're doing, always ask for advice when you need it, and keep asking questions, starting a business can be
Answers (2)
16. What size paper should you use for a legal document? A. 3" x 5" B. 8/2" x 11" C. 872" x 14" D. 74" x 1072"
Answers (2)
Assume an economy where there are two producers: a wheat producer and a bread producer. In a given year, the wheat producer grows 30 million bushels of wheat of which 25 million bushels are sold to the bread producer at $3 per bushel, and 5 million
Answers (1)
A company is just getting started and needs new equipment, but does not have a large amount of cash. Since the company business will also require frequent updating of the equipment, it is better to
Answers (1)