GAAP specifies that for a seller to record revenue at time of sale when right of return exists the following conditions must be met except: (A) The seller's price to the buyer is substantially fixed or determinable at the date of sale. (B) The buyer has paid the seller, or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the product. (C) The buyer's obligation to the seller changes in the event of theft or physical destruction or damage of the product. (D) The amount of future returns can be reasonably estimated.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “GAAP specifies that for a seller to record revenue at time of sale when right of return exists the following conditions must be met except: ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » GAAP specifies that for a seller to record revenue at time of sale when right of return exists the following conditions must be met except: (A) The seller's price to the buyer is substantially fixed or determinable at the date of sale.