BBR ran a special sale in December 2023 which gave customers who purchased $1,000 of...
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Accounting
BBR ran a special sale in December 2023 which gave customers who purchased $1,000 of merchandise, in one day, a $150 coupon to use in 2024. The cash receipt and relief of inventory for the sold merchandise has been recorded. However, the coupon has not been. A total of 500,000 customers took advantage of the offer.
The coupon is a second performance obligation. As a result, sales are overstated by $65 million
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