Question
When a retailer receives a vendor allowance ( incentive payment) from a vendor they have an agreement with, how does GAAP require you to do
When a retailer receives a vendor allowance ( incentive payment) from a vendor they have an agreement with, how does GAAP require you to do the accounting and when do you recognize the allowance? Also what would a journal entry look like for this?
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
