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help me please thank you Use the following information for the next four (4) questions: Love Company included one coupon in each package sold. A
help me please thank you Use the following information for the next four (4) questions: Love Company included one coupon in each package sold. A premium is offered to customers who send in 10 coupons. 2019 2020 Number of packages sold 500,000 800,000 Number of premiums purchased at P40 each 30,000 60,000 Number of premiums distributed 20,000 50,000 Number of premiums to be distributed next period 5,000 3,000 12) What is the premium expense for 2019? Answer: 13) What is the estimated premium liability on December 31, 2019? Answer: 14) What is the premium expense for 2020? Answer: 15) What is the estimated premium liability on December 31, 2020
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