Question: es/48829/assignments/725077 Question 6 View Policies Current Attempt in Progress A company offers a cash rebate of $1 on each $4 package of light bulbs sold

es/48829/assignments/725077 Question 6 View Policies Current Attempt in Progress A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2021. Historically, 10% of customers mail in the rebate form. During 2021, 3740000 packages of light bulbs are sold, and 193000 $1 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2021 financial statements dated Decem $374000; $374000 $193000; $181000 $374000: $181000 $181000; $181000 Save for Later Attempts: 0 of 1 used Submit Answer Next >

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