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2 years ago

Sales returns and allowances are reported on the ______.

Business

1 answer:

labwork [276]2 years ago

5 0

Sales returns and allowances are reported on the <u>Income Statement</u>.

<h3>What is the income statement?</h3>

The income statement is a financial statement wherein the sales revenue and cost of goods sold and operating expenses are summarized in order to obtain the net income.

When reporting the sales returns and allowances on the income statement, they are subtracted from the gross sales to arrive at the net sales.

Thus, sales returns and allowances are reported on the <u>Income Statement</u>.

Learn more about the income statement at brainly.com/question/24498019

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Complete the journal entries for the following financing transactions.

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Luke is the type of leader that concentrates on relationships as he leads and not just tasks. According to fiedler’s contingency

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Luke is the type of leader that concentrates on relationships as he leads and not just tasks. Luke is an LPC type of leader.

Option A high - LPC leader.

Fiedler's Contingency Theory of Leadership is a good reminder that leadership isn't a one-size-fits-all approach. It's possible that just because your team isn't functioning as well as it should, you aren't a competent leader. Instead, your natural leadership style might not be the best fit for your team's current demands.

You are more relationship-oriented if you rank your least favorite coworker positively on a range of different parameters. You are more task-oriented if you judge them less positively on the same criteria.

Essentially:

You're a relationship-oriented leader if you have a high LPC rating.

You're a task-oriented leader if you have a low LPC.

Building relationships, creating team cohesion, and managing interpersonal conflict are all skills that relationship-oriented leaders excel at. Task-oriented leaders are good at coordinating projects and teams to get things done quickly and efficiently.

Disclaimer: The question was incomplete. Please find the full content below.

Question: Luke is the type of leader that concentrates on relationships as he leads and not just tasks. According to Fiedler’s Contingency Model, Luke is what type of leader?

A) A moderate-LPC leader

B) An adequate-LPC leader

C) A high-LPC leader

D) A low-LPC leader

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