The following are some of the terms discussed in the chapter: 1. Performance obligation 2. Right of return 3. Critical event 4. Transaction price 5. Variable consideration 6. Contract-based approach 7. Refund liability 8. Estimated inventory returns Match each term with the best description below. Each term may be used more than once, or may not be used at all. a. A liability account that shows the estimate of potential refunds a company is obligated to give a customer. b. A customer's right to return goods to a seller within the stated return period C d. e. A method of revenue recognition where sales are recorded in the amount that reflects the consideration a business expects to receive An asset account that shows the estimated cost of the goods a seller has a right to receive if goods are returned by customers Any amount that may change what the seller receives when the performance obligation is complete. Critical event Refund liability Estimated inventory returns Performance obligation Contract-based approach Transaction price Variable consideration Right of return f. The promise made by a seller to deliver goods to a customer. B h. The amount a business expects to receive in exchange for completing the performance obligation One main act that signals substantial completion of the performance obligation