3. Marigold Company sold 754,900 boxes of pie mix under a new sales promotional program....
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3. Marigold Company sold 754,900 boxes of pie mix under a new sales promotional program. Each box contains one coupon, which submitted with $4.10, entitles the customer to a baking pan. Marigold pays $6.10 per pan and $0.60 for handling and shipping: Marigold estimates that 70% of the coupons will be redeemed, even though only 245.200 coupons had been processed during 2025 . What amount should Marigold report as a liability for unredeemed coupons at December 31,2025 ? Liability for unredeemed coupons at December 31,2025$
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