Question
General Product Inc. distributed 100 million coupons in 2015. The coupons are redeemable for 30 cents each. General anticipates that 70% of the coupons will
General Product Inc. distributed 100 million coupons in 2015. The coupons are redeemable for 30 cents each. General anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2016. There were 45 million coupons redeemed in 2015 and 30 million redeemed in 2016. What was General's coupon liability as of December 31, 2016?
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Management Systems Audit Risk Mitigation
Authors: Mr Indulis L Svikis
1st Edition
B084DGQJJ5, 979-8607031909
