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The five-step revenue model requires: A) recording sales returns and allowances at the time of sale B) sales revenue to be reported at the amount

The five-step revenue model requires: A) recording sales returns and allowances at the time of sale

B) sales revenue to be reported at the amount the seller expects to be entitled to receive from customers

C) only actual sales allowances to be accounted for with an adjustment

D) a sales return that results in issuing store credit to be accounted for with a credit to Cash

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