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Estimated Inventory Returns is an example of a(n) A. asset account used to account for the cost of goods a company expects to be returned.
Estimated Inventory Returns is an example of a(n)
A. | asset account used to account for the cost of goods a company expects to be returned. |
B. | expense account used to account for charges associated with returns. |
C. | contra-revenue account used to account for the cost of goods associated with a sale. |
D. | liability account used to account for changes in the amounts of expected refunds. |
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