Customer loyalty programs such as points offered for purchases made require the following accounting treatment: a. The
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Customer loyalty programs such as points offered for purchases made require the following accounting treatment:
a. The company must email or text message the total points earned to financial statement users in a note to the financial statements
b. The company must record a current liability for the value of expected customer redemptions
c. Points do not need to be disclosed or accrued as an estimated liability, as they are not cash
d. All of the above.
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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