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Wanda Co allows customers to return faulty goods within 14 days of purchase. At 30 November 20X5 a provision of $6,548 was made for sales returns. At 30 November 20X6, the provision was re-calculated and should now be $7,634. What should be reported in Wanda Co's income statement for the year to 31 October 20X6 in respect of the provision? A. A credit of $1,086 B. A credit of $7,634 C. A charge of $1,086 D. A charge of $7,634 |