Chandler Retail has a December 31 fiscal year end and the company sells more merchandise in November

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Chandler Retail has a December 31 fiscal year end and the company sells more merchandise in November and December than in any other month. The company has a "no questions asked" policy in terms of accepting sales returns up to six months aft er the initial sale. What uncertainties does the company face in terms of recognizing sales revenue?
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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