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Fuller food Company distributes coupons which may be presented (on or before a stated expiration date) to grocers. The grocers are reimbursed when they send

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Fuller food Company distributes coupons which may be presented (on or before a stated expiration date) to grocers. The grocers are reimbursed when they send the coupons to Fuller. In Fuller's experience, 50% of such coupons are redeemed and generally one month elapses between the date a grocer receives a coupon from a consumer and the date fuller receives it. During 2019 Fuller issued two separate series of coupons as follows The December 31, 2019 balance sheet should indicate a liability for unredeemed coupons of: Select one: a. 50 b. $60,000 c $124,000 d. $360,000 e $74,000

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