Multiple Choice Question 118 A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2018 Historically, 10 of customers mail in the rebate form During 2018, 3910000 packages of light bulbs are sold, and 206000 $1 rebates are mailed to customers What is the rebate expense and liability, respectively, shown on the 2018 financial statements dated December 31 $206000 $185000 $391000 $391000 $391000 $185000 $185000 $185000 Multiple Choice Question 118 A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2018 Historically, 10 of customers mail in the rebate form During 2018, 3910000 packages of light bulbs are sold, and 206000 $1 rebates are mailed to customers What is the rebate expense and liability, respectively, shown on the 2018 financial statements dated December 31 $ 206000 $ 185000 $ 391000 $ 391000 $ 391000 $ 185000 O $ 185000 $ 185000 Click if you would like to Show Work for this question Open Show Work

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Multiple Choice Question 118 A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2018  Historically, 10  of customers mail in the rebate form  During 2018, 3910000 packages of light bulbs are sold, and 206000 $1 rebates are mailed to customers  What is the rebate expense and liability, respectively, shown on the 2018 financial statements dated December 31  $206000  $185000 $391000  $391000 $391000  $185000 $185000  $185000 Multiple Choice Question 118 A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2018  Historically, 10  of customers mail in the rebate form  During 2018, 3910000 packages of light bulbs are sold, and 206000 $1 rebates are mailed to customers  What is the rebate expense and liability, respectively, shown on the 2018 financial statements dated December 31  $ 206000  $ 185000 $ 391000  $ 391000 $ 391000  $ 185000 O $ 185000  $ 185000 Click if you would like to Show Work for this question  Open Show Work

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Multiple Choice Question 118 A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2018. Historically, 10% of

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