Unformatted text preview: Codification Research System to prepare responses to the following items. User ID: AAA52348 Password: sucs548 Provide Codification references for your responses. a. What is the authoritative guidance for revenue recognition when right of return exists? b. When is this guidance important for a company? c. Sales with high rates of return can ultimately cause inventory to be misstated. Why are returns allowed? Should different industries be able to make different types of return policies? d. In what situations would a reasonable estimate of returns be difficult to make?...
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- Spring '08
- The Return, Codification Research System, return policies, year-end inventory counts