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How much net revenue would it report for this period

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Question - Estimating Revenue Recognition with Right of Return - The Unlimited Company offers an unconditional return policy for its retail clothing business. It normally expects 2% of sales at retail selling prices to be returned at some point prior to the expiration of the return period, and returned items cannot be resold. Assuming that it records total sales of $5,000,000 for the current period, how much net revenue would it report for this period?

Reference no: EM132977808

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