On November 30, 20x1, Northup Co. consigned 90 freezers to Watson Co. for sale at ₱1,600 each and paid ₱1,200in transportation costs. A report of sales was received on December 30, 20x1 from Watson reporting the sale of 20 freezers, together with a remittance that was net of the agreed 15% commission. How much, should Northup receive as remittance from Watson Co.

On November 30, 20x1, Northup Co. consigned 90 freezers to Watson Co. for sale at ₱1,600 each and paid ₱1,200in transportation costs. A report of sales was received on December 30, 20x1 from Watson reporting the sale of 20 freezers, together with a remittance that was net of the agreed 15% commission. How much, should Northup receive as remittance from Watson Co.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 63P

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