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Louise paints seascapes and landscapes. In 2017 she placed nine of her most prized paintings with ...

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Louise paints seascapes and landscapes. In 2017 she placed nine of her most prized paintings with ...

Louise paints seascapes and landscapes. In 2017 she placed nine of her most prized paintings with the Wainwright Studio Gallery. The paintings each carried a price of $10,000, and Louise made a deal with the Gallery to pay them a 40% commission on all paintings sold. At the end of the year three paintings had been sold. How much revenue will Louise recognize on the consignment sales?
A) $30,000
B) $18,000
C) $12,000
D) $0

Textbook

Intermediate Accounting

Edition: 1^st

Authors: Gordon, Raedy, Sannella

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Mhartman97

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More solutions for this book are available here

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anlore Author

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Thanks for your help!!

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