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1. What is the authoritative guidance for revenue recognition when right of return exists?
2. When is this guidance important for a company?
3. 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?
4. In what situations would a reasonable estimate of returns be difficult to make?Image text transcribed for accessibility What is the authoritative guidance for revenue recognition when right of return exists? When is this guidance important for a company? 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? In what situations would a reasonable estimate of returns be difficult to make?
What is Teresa's basis in the stock after distribution? What is her remaining "outside" basis in HT?
1. in two to three paragraphs describe the sarbanes-oxley act and why it is important to the accounting profession.2.
In 200 words or more, explain how ratios can be used to review a company's financial statements. Select a public company, and using price earning ratios, explain how the company is performing from a financial standpoint.
rohan corporation holds assets with a fair value of 150000 and a book value of 125000 and liabilities with a book value
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