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Estimated Refund Liability is an example of a(n): A. revenue account used to account for the cost of goods associated with a sale. B. contraminusasset
Estimated Refund Liability is an example of a(n):
A.
revenue account used to account for the cost of goods associated with a sale.
B.
contraminusasset
account used to account for the cost of goods a company expects to be returned.
C.
deferred expense account used to account for charges associated with returns.
D.
liability account used to account for changes in the amounts of expected refunds.
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