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Question: 3 flint company sold 714400 boxes of pie mix under...

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3. Flint Company sold 714,400 boxes of pie mix under a new sales promotional program. Each box contains one coupon, which submitted with $4.80, entitles the customer to a baking pan. Flint pays $6.80 per pan and $1.30 for handling and shipping. Flint estimates that 70% of the coupons will be redeemed, even though only 240,500 coupons had been processed during 2017, what amount should Flint report as a liability for unredeemed coupons at December 31, 2017? Liability for unredeemed coupons at December 31, 2017 Click if you would like to Show Work for this question: Qpen Show Work LINK TO TEXT

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