What was general''s coupon promotion expense in 2011, Accounting Basics

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What was general''s coupon promotion expense in 2011

General Product, Inc. shipped 100 million coupons in products it sold in 2011. The coupons are redemable for thirty cents each. General anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2012. There were 45 million coupons redeemed in 2011, and 30 million redeemed in 2012.

What was General's coupon promotion expense in 2011?

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Accounting Basics: What was general''s coupon promotion expense in 2011

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Accounting Basics: What was general''s coupon promotion expense in 2011

Reference No:- TGS068038

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was general''s coupon promotion expense in 2011

Reference No:- TGS068038

Recent Questions Asked Accounting Basics

Q : Define industry and describe the concentration in industry

Q : Determine the deductible loss on the car

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