Under ASPE, a Refund Liability account is not used when estimating sales returns. What account is used

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Under ASPE, a Refund Liability account is not used when estimating sales returns. What account is used to record sales returns? Where is this account reported on the financial statements?

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119594574

8th Canadian Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley

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Question Posted: Mar 03, 2023 11:56 PM

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Under ASPE, a Refund Liability account is not used when estimating sales returns. What account is used

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Financial Accounting Tools For Business Decision Making

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