I’ve seen both approaches and I think they’re both quite reasonable. An indented join is my preference since it makes sub queries more logically indented… but our coding standards allow either approach. We’ve even got a few people that like
<span style="color:#323232;">FROM foo
</span><span style="color:#323232;">JOIN bar ON foo.id = bar.fooid
</span><span style="color:#323232;">JOIN baz ON bar.id = baz.barid
</span>