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    Financial Accounting
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    Exam 6: Cash, Receivables, and the Time Value of Money
  5. Question
    The Allowance for Sales Returns Account Is Classified as A(n)
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The Allowance for Sales Returns Account Is Classified as A(n)

Question 59

Question 59

Multiple Choice

The Allowance for sales returns account is classified as a(n) :


A) asset account.
B) contra asset account.
C) expense account.
D) contra revenue account.

Correct Answer:

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