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2. Indicate which of the following statements is (are) true. Assertion X: When a company gives away discount coupons with its products, it will estimate

2. Indicate which of the following statements is (are) true.

Assertion X: When a company gives away discount coupons with its products, it will estimate the total cost that it will incur as a result of the coupons and will recognize that cost as an expense in the period in which it sold the products.

Assertion Y: A company's customers have to pay a deposit for the container in which the product is sold. When they return the container, they receive the deposit back. When the company collects the deposit, it must acknowledge a debt.

to. Both assertions are false b. Statement X is true, but statement Y is false. c. Statement Y is true, but statement X is false. d. Both statements are true.

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