Business
Business, 16.07.2021 01:00, sindy35111

General Product Inc. distributed 115 million coupons in 2021. The coupons are redeemable for 25 cents each. General anticipates that 80% of the coupons will be redeemed. The coupons expire on December 31, 2022. There were 52 million coupons redeemed in 2021 and 46 million redeemed in 2022. General recognizes coupon expense in the period coupons are issued. What was General's coupon promotional expense in 2022

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General Product Inc. distributed 115 million coupons in 2021. The coupons are redeemable for 25 cent...

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