Business, 25.11.2019 21:31 heggestade

Stossel company sells 300 units for $200 each to liberty inc. for cash. stossel allows liberty to return any unused product within 30 days and receive a full refund. the cost of each product is $120. stossel estimates that ten units will be returned, the costs of recovering the units will be immaterial, and the returned units are expected to be resold at a profit. what amount of sales returns and allowances should stossel record in the year of the sale? (a)$2,000.(b)$0.(c)$800.(d)$1,200.

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