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What are sales returns and allowances

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Reference no: EM132568669

Question 1: Sales returns and allowances

Multiple Choice

Option 1: Provide information about dissatisfied customers and the possibility of lost future sales

Option 2: Are usually recorded in separate contra-revenue accounts

Option 3: Are omitted from published statements

Option 4: Represent a reduction of the customer's account receivable

Option 5: All of the above

Reference no: EM132568669

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