19) Camille Company includes a coupon in each box of its cereal. For the five premiums...
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19) Camille Company includes a coupon in each box of its cereal. For the five premiums plus P1.50, customers are entitled to a plastic doll that costs Warturble P4.00. The company expects 40% of the premiums to be redeemed. In 2019, Warturtle sold 600,000 boxes of cereal and distributed 20,000 dolls. What is Camille's estimated liability for unredeemed premiums on December 31, 2019? А. 30,000 С. 80,000 В. 70,000 D. 160,000 19) Camille Company includes a coupon in each box of its cereal. For the five premiums plus P1.50, customers are entitled to a plastic doll that costs Warturble P4.00. The company expects 40% of the premiums to be redeemed. In 2019, Warturtle sold 600,000 boxes of cereal and distributed 20,000 dolls. What is Camille's estimated liability for unredeemed premiums on December 31, 2019? А. 30,000 С. 80,000 В. 70,000 D. 160,000
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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