s corporation has an employee benefit plan for compensated absences that gives each employee 10 paid vacation days and 10 paid sick vacation and sick days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days; however, no payment is given During 2024, Deluxe Leather Goods issued 741,000 coupons which entitles the customer to a $5.90 cash refund when the coupon is submitted att lance of liability for . B estimated that there were of any future purchase. Deluxe estimates that 74% of the coupons will be redeemed. 303,000 coupons had been processed during 2024. Del 820 total vacation days and 160 sick days available at December 31, 2024. B's employees earn an average of $186 per day. In its December 31, 2024. recognizes coupon expense in the period coupons are issued. At December 31, 2024, Deluxe should report a liability for unredeemed coupons of: balance sheet, what amount of liability for compensated absences is B required to report? Multiple Choice Multiple Choice $1,912,308 O $111,600 $52,080 $1,447,506. $59,520 O $548,340 . $89,280 $2,584,200. Oklahoma Oil Corporation paid interest of $785,000 during 2024, and the interest payable account decreased by $125,000. What was interest expense car, L&M Leather Goods sold 1,000,000 reversible belts under a new sales promotional program. Each belt carried one rebate certificate for the year? entities the customer to a $3.90 cash refund when the rebate is submitted for redemption. L&M estimates that 75% of the rebates will be certificates of: redeemed. 506,000 rebates had been submitted for redemption during the year. At December 31, L&M should report a liability for unredeemed rebate Multiple Choice Multiple Choice $650,000 $750,000. $910,000 $951,600. $785,000 $1,973,400 $555,000 $2,925,000. Clark's Chemical Company received refundable deposits on returnable containers in the amount of $101,000 during 2024. Fourteen percent of the In the current year, Hanna Company reported quality-assurance warranty expense of $190,000 and the warranty liability account increased by $20,000. tainers were not returned. The deposits are based on the container cost marked up 25%. What is cost of goods sold relative to this forfeiture? What amount of warranty costs were paid during the year? Multiple Choice Multiple Choice O $2, 828 $190,000 $11,312 $210,000 so $170,000 $56,560 So