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.
Number 2 indicates South America. The other continents are:
1. North America
3. Africa
4. Europe
5. Asia
6. Australia/Oceania
7. Antartica
Answer:
the idea that one has shifted or changed the way he or she takes in knowledge.the philosophical study of nature ,origin,and limits of human knowledge.
Explanation:
Coal is the leading culprit of air pollution in China. 75% of the premature deaths are caused by the 152 coal-fired power plants in Hebei Province. ... Air pollution will remain a serious problem in China as long as coal continues to be the country's major energy source.
