A seller recognizes the amount of returns from right to return sales as a(n) ________.
A) liability
B) asset
C) revenue
D) expense

Name: A seller recognizes the amount of returns from right to return sales as a(n) ________. A) liability B) asset C) revenue D) expense
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Question

Quizplus · Accepted Answer

The amount of returns from right to return sales is recognized as a liability because it represents an obligation to refund or replace the product if the customer returns it.

A Seller Recognizes the Amount of Returns from Right to Return