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Costco has agreements to receive rebates (money back) from their suppliers upon reaching pre- specified sale volumes. Discuss the alternative ways in which Costco could

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Costco has agreements to receive rebates (money back) from their suppliers upon reaching pre- specified sale volumes. Discuss the alternative ways in which Costco could report these rebates. In your opinion, which of these alternatives reflects better the economic substance of the rebates? Explain. 17 marks]

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