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During 2 0 2 4 , Deluxe Leather Goods issued 7 6 0 , 0 0 0 coupons which entitles the customer to a $

During 2024, Deluxe Leather Goods issued 760,000 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 72% of the coupons will be redeemed. 382,000 coupons had been processed during 2024. Deluxe recognizes coupon expense in the period coupons are issued. At December 31,2024, Deluxe should report a liability for unredeemed coupons of: Multiple Choice$1,701,000.$743,400.$1,224,720.$547,200.

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