alaxy sells used video games for cash and provides a one-week return right. Returns are material and reasonably predictable. Galaxy shoulc Multiple Choice Not record sales until the right to return has expired. Record a contra-receivable in the year of the sale. Recognize a refund liability associated with estimated returns. Credit sales in the p

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alaxy sells used video games for cash and provides a one-week return right. Returns are material and reasonably predictable. Galaxy shoulc Multiple Choice Not record sales until the right to return has expired. Record a contra-receivable in the year of the sale. Recognize a refund liability associated with estimated returns. Credit sales in the period of the return.

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