The exchange of goods or services that results in mutual benefit for both parties involved. O a Sales OD Business Servicing Trading
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- why service industry providing service and retail industry dealing in transfer and exchange goods?Differentiate between a profit center and an investment center.A transfer pricing structure that considers the opportunity costs of selling to internal rather than external customers uses_______. A. the cost approach B. the general transfer pricing approach C. the market-based approach D. the opportunity cost approach
- A transfer pricing arrangement that uses the price that would be charged to an external customer is a______. A. market-based approach B. negotiated approach C. cost approach D. decentralized approachDetermining the transfer price as the price at which the product or service transferred could be sold to outside buyers is known as the Oa. cost price approach Ob. negotiated price approach Oc. market price approach Od. revenue price approachcomparison equity and revenue between service and retail industry
- Each economic event or transaction will have a dual effect on financial position. Explain what is meant by this dual effect. and please describe how revenue recognition relates to transferring goods or services.3 In accounting for consignment sales, sales revenue and the related cost of goods sold should be recognized by the Group of answer choices Consignor when the goods are shipped to the consignee Consignee when cash is received from the customer Consignor when notification is received that the consignee has sold the goods Consignor when the goods are shipped to the third partyAmong the various reasons given for the internal transfer of merchandiseinventory of a price above its cost are: A. Efficiency in pricing inventoriesB. Concealment of the true profit margins from branch personnelC. The equitable allocation of income amongst the various units of the business enterpriseD. All of the above are considered valid reasons
