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Some individuals are labeled as "mixed race" and may, for example, have an African American parent and an Asian parent. In terms of racial categorization, such individuals
Customer Refunds Payable
A liability account for estimated refunds and allowances that will be paid or granted customers in the future.
Merchandise Returns
Goods returned by the buyer to the seller, often due to defects, wrong size, or dissatisfaction.
Purchase Discounts
A deduction from the original purchase price allowed by the seller to the buyer, typically for early payment or bulk purchasing.
Merchandise Inventory
Goods held by a retailer or wholesaler that are available for sale to customers.
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