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What is the revenue recognition principle

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What is the revenue recognition principle? What is the current environment regarding revenue recognition?

Now, in the five step model of revenue recognition, there are some issues in practice. One such issue is the Sale with Right of Return. Discuss how do you recognize revenue when the customer has the right to return.

The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.

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