Calculate the amount that should be recognized as revenue


Question: During the year, DSW, a technology company, sells 1,000 items for D$70 each. DSW has a refund policy that allows customers to return the items and receive a full refund. Historically 5% are returned under the terms of this policy each year. Calculate the amount that should be recognized as revenue in DSW's statement of profit or loss. Give your answer to the nearest D$. Do not include symbols, commas or letters in your response.

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Accounting Basics: Calculate the amount that should be recognized as revenue
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