Business decision makers desire information on sales returns and allowances. (1) Explain why a companys manager wants
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(1) Explain why a company’s manager wants the accounting system to record customers’ returns of unsatisfactory goods in the Sales Returns and Allowances account instead of the Sales account.
(2) Explain whether this information would be useful for external decision makers.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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