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Sales returns and allowances Multiple Choice Provide information about dissatisfied customers and the possibility of lost future sales Are usually recorded in separate contra-revenue accounts

Sales returns and allowances

Multiple Choice

  • Provide information about dissatisfied customers and the possibility of lost future sales
  • Are usually recorded in separate contra-revenue accounts
  • Are omitted from published statements
  • Represent a reduction of the customer's account receivable
  • All of the above

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