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During 2024, Deluxe Leather Goods issued 757,000 coupons which entitles the customer to a $4.20...

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Accounting

During 2024, Deluxe Leather Goods issued 757,000 coupons which entitles the customer to a $4.20 cash refund when the coupon is submitted at the time of any future purchase. Deluxe estimates that 74of the coupons will be redeemed259,000 coupons had been processed during 2024. Deluxe recognizes coupon expense in the period coupons are issued. At December 31,2024Deluxe should report a liability for unredeemed coupons of Choice $2,091,600 $560,180 $1,264,956 $ 1.547784

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