Total payments to retailers as of Dec 31, 2021Liability for unredeemed coupons as of December 31, 2021P165,000P 99,000What is the total face amount of coupons issued by Sedum Inc. in 2021? Problem 2. Sedum Inc. includes coupons that may be presented at retail stores toobtain discounts on other Sedum products. Retailers are reimbursed for the faceamount of coupons redeemed plus 10% of that amount for handling costs. Sedumhonors requests for coupon redemption by retailers up to 3 months after theconsumer expiration date. Sedum estimates that 60% of all coupons will ultimatelybe redeemed. Information relating to coupons issued by Sedum during 2021 are asfollows:Consumer expiration date2020December 31,

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Description: Total payments to retailers as of Dec 31, 2021Liability for unredeemed coupons as of December 31, 2021P165,000P 99,000What is the total face amount of coupons issued by Sedum Inc. in 2021? Problem 2. Sedum Inc. includes coupons that may be presented

Total cost = Total payments to retailers + Liability for unredeemed coupons = P165,000 + P99,000 =…

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Total payments to retailers as of Dec 31, 2021 Liability for unredeemed coupons as of December 31, 2021 P165,000 P 99,000 What is the total face amount of coupons issued by Sedum Inc. in 2021?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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