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1. Cucumber Company offered pens in exchange for coupons from packages of goodies. In December 2016, 120,000 packages were sold and no coupons redeemed. The estimated liability for future coupon redemptions is 840,000. 2. Masigasig Company offered mugs for bottle caps. In the current year, 250,000 bottles were sold and 15,000 mugs distributed. The estimated premium liability at year-end is 200,000. 3. Shark Company sells gift certificates with no expiration. In the current year, gift certificates sold we

Author

Chrystal Mae Pitoc

Language

EN