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Which of the following is a TRUE statement regarding sales? A. Sales revenue recognized in a particular period must be reduced by an amount for

Which of the following is a TRUE statement regarding sales?

A. Sales revenue recognized in a particular period must be reduced by an amount for estimated sales returns.

B. Sales returns and allowances increase a company's profit.

C. For the sale of products, the performance obligation is generally satisfied when the customer orders the goods.

D. If customers return merchandise within the refund period, the Sales Returns account is credited.

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