The rule was the first ammendment
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.
The Plains Indians originated from the Great Plains and the Canadian Prairies. However, it is important to note that all of this prairie land stretches from Canada, to the United States and down to Mexico. It touches the following provinces of Canada: Alberta, Manitoba and Saskatchewan. The states it has land in are Colorado, Kansas, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas and Wyoming. In Mexico, it touches some territory in northern Mexico, but stops at the Rio Grande.
