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27-12-2022
Business

Answered

During 2024, Messier Leather Goods issued 763,000 coupons which entitles the customer to a $4.30 cash refund when the coupon is submitted at the time of any future purchase. Deluxe estimates that 73% of the coupons will be redeemed. 419,000 coupons had been processed during 2024. Deluxe recognizes coupon expense in the period coupons are issued. At December 31, 2024, Deluxe should report a liability for unredeemed coupons of:

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