Which of the Following Statements Regarding Sales Returns and Allowances

Which of the following statements regarding sales returns and allowances is not true?

A) New revenue recognition rules require sellers to report sales net of expected returns and allowances for annual periods.
B) The Inventory Returns Estimated account is a current liability account.
C) Sales returns and allowances estimates are typically made as period-end adjustments.
D) When sales returns and allowances adjustments are made to sales,an estimate must also be made for the cost side.
E) Sales Refund Payable is a current liability account.