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If a reasonable estimate of potential refunds cannot be made. no revenue recognition should occur during the life of the refund obligation O a portion
If a reasonable estimate of potential refunds cannot be made. no revenue recognition should occur during the life of the refund obligation O a portion of the revenue should recognized immediately upon sale the firm should simply disregard any expense and handle on a case-by-case basis O revenue should not be recognized until the material uncertainty is resolved
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