A company has a return policy that allows customers to return goods within 30 days of purchase

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A company has a return policy that allows customers to return goods within 30 days of purchase and receive a full refund. Should the company recognize revenue when the goods are sold or when the 30-day return period expires? Explain.
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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