Memorex should: iv. record a refund liability in the year of the sale.
<h3>What is a right-of-return privilege?</h3>
A right-of-return privilege can be defined as a special right, advantage or entitlement that is accorded to a customer, which avails them an opportunity to return a product they have purchased.
Since Memorex Disks offers its customers right-of-return privileges, it is expected that it should record a refund liability in the year of the sale i.e recording an allowance for sales returns in the year the sale was made.
Read more on right-of-return privilege here: brainly.com/question/17165436
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A query can have no more than three common interpretations is false. A query is a search through a source to find the answer to something. A common interpretation are the items that pop up in in the first spots of the search query because they are the most relatable to the question. A common interpretation usually answers the question, but there are times that the question is more complex and needs to be search for longer within the sources that pop up.
The answer to this question is B