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Business, 12.08.2020 07:01 zhiyar9879

During 2021, Deluxe Leather Goods issued 797,000 coupons which entitles the customer to a $4.50 cash refund when the coupon is submitted at the time of any future purchase. Deluxe estimates that 75% of the coupons will be redeemed. 420,000 coupons had been processed during 2021. Deluxe recognizes coupon expense in the period coupons are issued. At December 31, 2021, Deluxe should report a liability for unredeemed coupons of:

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During 2021, Deluxe Leather Goods issued 797,000 coupons which entitles the customer to a $4.50 cash...

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