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Which of the following is a TRUE statement regarding sales? A. Sales returns and allowances increase a company's profit. O B. If customers return merchandise

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Which of the following is a TRUE statement regarding sales? A. Sales returns and allowances increase a company's profit. O B. If customers return merchandise within the refund period, the Sales Returns account is credited. O c. For the sale of products, the performance obligation is generally satisfied when the customer orders the goods. 0 D. Sales revenue recognized in a particular period must be reduced by an amount for estimated sales returns

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