Business, 22.11.2019 04:31 SethSimunek

On october 20, 2005, grimm co. consigned 40 freezers to holden co. for sale at $1,000 each and paid $800 in transportation costs. on december 30, 2005, holden reported the sale of 10 freezers and remitted $8,500. the remittance was net of the agreed 15% commission. what amount should grimm recognize as consignment sales revenue for 2005?

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