Inventory Returns Estimated is a current asset account used in a period-end adjusting entry to reflect the inventory estimated to be returned in the future.

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This is true. Inventory Returns Estimated is a current asset account that reflects the estimated amount of inventory that a company expects to be returned in the future. It is used in a period-end adjusting entry to ensure that the company's inventory values are accurately reported on its financial statements.

Inventory Returns Estimated Is a Current Asset Account Used in a Period-End