What is the correct answer? B Company offered a cash rebate of P20 on each P150package of ballpen sold during the current year. Historically,10% of customers' mail in the rebate form.During the year 600,000 packages of ballpen are sold, and25,000 P20 rebates are mailed to customers.what amount should be reported as rebate liability at yearend?A) 700,000в) 350,000c) 500,000D 400,000 On January 2, 2021, A Corporation offers to sell a P100,000bond coming due in 10 years. The bond pays interest of 4%at the end of each year. A Corporation finds a buyer whowants to earn 7% each year, and agrees to the 7% rate at asales price of P80,000. On the December 31, 2021 balancesheet, what amount is reported for the liability of this bond?A) 93,000(B) 83,20085, 600D) 96,000

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B Company offered a cash rebate of P20 on each P150 package of ballpen sold during the current year. Historically, 10% of customers' mail in the rebate form. During the year 600,000 packages of ballpen are sold, and 25,000 P20 rebates are mailed to customers. what amount should be reported as rebate liability at year end?