Discuss statements concerning sale or returns


Question: Which of the following statements is not correct concerning sale or returns? Group of answer choices Title to the goods passes to the buyer upon sale of the goods to the buyer. Once the sale is completed, the buyer may have an option to return the goods. The buyer's creditors may treat the goods as belonging to the buyer as long as the goods remain in the buyer's possession. Risk of loss for the goods reamins with the seller until the actual return of the goods.

 

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Accounting Basics: Discuss statements concerning sale or returns
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