A company's estimate of merchandise that will be returned by customers should be: a) Included...
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Accounting
A company's estimate of merchandise that will be returned by customers should be:
a) Included in inventory at an amount equal to the cost of the merchandise.
b) Excluded from inventory but deducted from sales revenue and accounts receivable.
c) Included in inventory at an amount equal to the selling price of the merchandise.
d) None of these answer choices are correct.
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