22) Sam Company included one coupon in each package of cereal sold. A towel is offered...

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22) Sam Company included one coupon in each package of cereal sold. A towel is offered as a premium to customers who send in 10 coupons. 2020 500,000 800,000 30,000 2019 Packages of cereal sold Number of towels acquired at P40 per towel Number of towels distributed as premium Number of towels to be distributed as premium next period 60,000 20,000 5,000 50,000 3,000 What amount should be reported as premium expense in 2020? C. 2,120,000 D. 1,920,000 A. 2,400,000 B. 2,000,000 22) Sam Company included one coupon in each package of cereal sold. A towel is offered as a premium to customers who send in 10 coupons. 2020 500,000 800,000 30,000 2019 Packages of cereal sold Number of towels acquired at P40 per towel Number of towels distributed as premium Number of towels to be distributed as premium next period 60,000 20,000 5,000 50,000 3,000 What amount should be reported as premium expense in 2020? C. 2,120,000 D. 1,920,000 A. 2,400,000 B. 2,000,000

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Answer Number of towels distributed in 202050000 Add Number of t... View the full answer