20.Which of the following statement indicates that an entity is not an agent in accordance...
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Accounting
20.Which of the following statement indicates that an entity is not an agent in accordance with AASB15 Revenue from Contracts with Customers?
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The entity does not have discretion in establishing prices for the other partys goods or services and, therefore, the benefit that the entity can receive from those goods or services is limited.
The entitys consideration is in the form of a commission.
The entity does have inventory risk before or after the goods have been ordered by a customer, during shipping or on return.
Another party is primarily responsible for fulfilling the contract.
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