what is the specific point in time when the consignor satisfies is performance obligation under consignment contract? a. upon sale of consigned goods by consignee to final consumers b. upon signing of contract of consignment by consignor and consignee c. upon remittance of cash by consignee to consignor d. upon delivery of consigned goods by consignor to consignee
what is the specific point in time when the consignor satisfies is performance obligation under consignment contract? a. upon sale of consigned goods by consignee to final consumers b. upon signing of contract of consignment by consignor and consignee c. upon remittance of cash by consignee to consignor d. upon delivery of consigned goods by consignor to consignee
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Under PFRS 15, what is the specific point in time when the consignor satisfies is performance obligation under consignment contract?
a. upon sale of consigned goods by consignee to final consumers
b. upon signing of contract of consignment by consignor and consignee
c. upon remittance of cash by consignee to consignor
d. upon delivery of consigned goods by consignor to consignee
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