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The Martino Corporation, in attempt to raise revenues, begins selling goods with an automatic right to return within six months if not completely satisfied. On
The Martino Corporation, in attempt to raise revenues, begins selling goods with an automatic right to return within six months if not completely satisfied. On November $ worth of goods with a cost of $ are sold. Company officials expect that of the goods sold will be returned before the expiration date in the following year. How much gross profit should be recognized on this sale in the current year?
A
$
B
$
C
$
D
$
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