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Question - Bonita Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 boxtops from Bonita Frosted Flakes boxes and $1. The company estimates that 60% of the boxtops will be redeemed. In 2018, the company sold 1359000 boxes of Frosted Flakes and customers redeemed 660000 boxtops receiving 220000 bowls. If the bowls cost Bonita Company $3 each, how much liability for outstanding premiums should be recorded at the end of 2018?
$155400
$543600
$103600
$279600
p9.The following information is available for Delta Company as of April 30, 2014: a. Cash on the books as of April 30 amounted to $114,175.28. Cash on the bank state- ment for the same date was $141,717.08.
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