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It all the stamps wold in 2020 were presented for redemption in 2021, the redertption...

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Accounting

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It all the stamps wold in 2020 were presented for redemption in 2021, the redertption cont would be 54,813,900. What amount should Concord report as a liability for stamp redemption at December 31, 2020? Liabuity foe stamp redemptions at December 31,2020 2. In packabes of its peoducti, Marigold Inc indudes covpant that may be presented at retall stores to obtalin diccouets an other. tollown. Lability for unredeemed coupons 3. Swifty Company sold 742,300 boxes of ple mix under a new sales promotional program, Each box contains one coupon, which submitted with $4.60, entitles the customer to a baking pan. Swifty pay $6.60 per pan and $1.10 for handiling and shipping. S..ifty estimates that 700 of the coupons will be redeemed, even though only 265,000 coupons had been processed during 2020 . What amount should Swifty report as a lablity for unredeemed coupons at December 31, 2020? Liabilty for unredeemed coupons at December 31,2020

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