Purchase order between Barneys & Fred for vacuums. Terms are n/90. Barneys obtains legal rights...
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Purchase order between Barneys & Fred for vacuums. Terms are n/90. Barneys obtains legal rights to goods at the point of delivery.
Barneys is not allowed to discount the vacuums to its customers to help move inventory through its warehouses; however, the agreement allowed Barneys to return any unsold product within 90 days of purchase.
What is the revenue recognition issue?
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You can see the logs in the Dashboard.