help. 20 General Product Incorporated distributed 140 million coupons in 2024 . The coupons...
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help. 20
General Product Incorporated distributed 140 million coupons in 2024 . The coupons are redeemable for 25 cents each. General anticipates that 60% of the coupons will be redeemed. The coupons expire on December 31 , 2025. There were 50 million coupons redeemed in 2024 and 42 million redeemed in 2025 . General recognizes coupon expense in the period coupons are issued. What was General's coupon promotional expense in 2025? Multiple Choice $8.50 million $2.00 million $10.50 million Zero, since the entire coupon expense was recognized in 2024
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