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What was generals coupon promotion expense

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Question - General product inc distributed 150 million coupons in 2021. The coupons are redeemable for 40 cents each. General anticipates that 75% of the coupons will be redeemed. The coupons expire on December 21, 2022. There were 44 million coupons redeemed in 2021 and 32 million redeemed in 2022. General recognizes coupon promotion expense in the period coupons are issued. What was General's coupon promotion expense in 2021?

Reference no: EM132559989

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