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jamiebonf99 jamiebonf99
wrote...
Posts: 167
6 years ago
A company had sales of $1 million. Coupons in the amount of $1 per $10 in sales were
given to paying customers. History has shown that 50% of all coupons are redeemed.
Which of the following statements is correct?
A) A provision for $50,000 must be recognized.
B) A provision for $100,000 must be recognized.
C) A provision for $1 million must be recognized.
D) No provision is necessary.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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wrote...
6 years ago
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jamiebonf99 Author
wrote...
6 years ago
Such an awesome helper!
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