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A company had sales of $1 million. Coupons in the amount of $1 per $10 in sales were given to paying customers. History has
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? Multiple Choice A provision for $50,000 must be recognized. A provision for $100,000 must be recognized. A provision for $1 million must be recognized. No provision is necessary.
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