Answer:
The revenue should not be recognized because of the unusual and subjective terms under which the buyer has the right to return the product.
Explanation:
If a buyer of goods has the right to return a product, the transaction is considered a sale with a right of return. When regular sales are made under these terms and there is a reasonable basis for estimating returns, revenue from the sale ought to be recognized and an allowance for returnsshould be established.
However, when the rate of returns cannot be reasonably estimated, revenue is not recognized until the right of return expires. Even though the goods were shipped in 2015, until the buyer accepts the goods or the right to return them expires, revenue would not be recognized.
It's an <span>undisciplined child.
Hope this helps !
Photon</span>
Dangerous, rocky, fast moving water is called cataract. C<span>ataracts are sections where the river tumbles over rocks, and can be very dangerous. A well known cataract can be found in the Nile River. </span>
The advantage of applying learning approaches to the study of personality is how individuals alter their behavior as a result of rewards, disciplines and other experiences in life, a method known as learning. Classic behaviorists center firmly on obvious behavior and therefore the ways in which it will be littered with rewards and punishments.
Answer: D. An economic system characterized by voluntary allocation
Explanation: Socialism promotes or encourages the need for production, distribution and exchange to be run by community at large instead of only the government running the affairs of the community.
Socialism is a shared responsibility for the production and distribution of resouces between individuals in the community or a group. It is the economic and political theory that encourages individuals to do things collectively for the common goal of the society.
