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2. In packages of its products, Buffalo SA includes coupons that may be presented at retail stores to obtain discounts on other Buffalo products. Retailers

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2. In packages of its products, Buffalo SA includes coupons that may be presented at retail stores to obtain discounts on other Buffalo products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Buffalo honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Buffalo estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Buffalo during 2022 is as follows. What amount should Buffalo report as a liability for unredeemed coupons at December 31,2022? Liability for unredeemed coupons 3. Carla AG sold 630,000 boxes of pie mix under a new sales promotional program. Each box contains one coupon, which submitted with 4,00, entitles the customer to a baking pan. Carla pays 6.00 per pan and 0.50 for handling and shipping. Carla estimates that 70% of the coupons will be redeemed, even though only 225,000 coupons had been processed during 2022 . What amount should Carla report as a liability for unredeemed coupons at December 31,2022 ? Liability for unredeemed coupons at December 31, 2022 1. Flint Stamp Company records stamp service revenue and provides for the cost of redemptions in the year stamps are soid to licensees. Flint's past experience indicates that only 80% of the stamps sold to licensees will be redeemed. Flint's liability for stamp redemptions was $11,700,000 at December 31,2021 . Additional information for 2022 is as follows. If all the stamps sold in 2022 were presented for redemption in 2023 , the redemption cost would be $4,680,000. What amount should Flint report as a liability for stamp redemptions at December 31,2022 ? Liability for stamp redemptions at December 31, 2022 2. In packages of its products, Buffalo SA includes coupons that may be presented at retail stores to obtain discounts on other Buffalo products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Buffalo honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Buffalo estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Buffalo during 2022 is as follows. What amount should Buffalo report as a liability for unredeemed coupons at December 31,2022? Liability for unredeemed coupons 3. Carla AG sold 630,000 boxes of pie mix under a new sales promotional program. Each box contains one coupon, which submitted with 4,00, entitles the customer to a baking pan. Carla pays 6.00 per pan and 0.50 for handling and shipping. Carla estimates that 70% of the coupons will be redeemed, even though only 225,000 coupons had been processed during 2022 . What amount should Carla report as a liability for unredeemed coupons at December 31,2022 ? Liability for unredeemed coupons at December 31, 2022 1. Flint Stamp Company records stamp service revenue and provides for the cost of redemptions in the year stamps are soid to licensees. Flint's past experience indicates that only 80% of the stamps sold to licensees will be redeemed. Flint's liability for stamp redemptions was $11,700,000 at December 31,2021 . Additional information for 2022 is as follows. If all the stamps sold in 2022 were presented for redemption in 2023 , the redemption cost would be $4,680,000. What amount should Flint report as a liability for stamp redemptions at December 31,2022 ? Liability for stamp redemptions at December 31, 2022

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