Question: Statement 6 : Bed Bath and Beyond has a return policy which states that the customer may return a purchase for a refund, merchandise credit,
Statement : Bed Bath and Beyond has a return policy which states that the customer may return a purchase for a refund, merchandise credit, or exchange to any of our stores nationwide or to our returns processing centerThe company can report revenue on the full amount as soon as the merchandise is sold.
Statement : Revenue from a foreign subsidiary will be smaller in US dollars when the dollar strengthens relative to the foreign currency.
With respect to Revenue Recognition and Foreign Currency Translation, are statements and correct?
A
Yes
B
Only statement is correct
C
No
D
Only statement is correct
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