362 Rebates

The treatment of rebates from laboratories and advertising agencies is also the subject of negotiation. Should rebates be applied as a reduction in distribution expenses, in which case no distribution fee will be applied, or should they be treated as part of a distributor’s gross receipts, in which case they will be subject to the deduction of a distribution fee? Where rebates are credited, a corresponding debit will need to be given to any overhead charge included in the negative costs in a production financing and distribution agreement and to any interest and distribution fee charged on the

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