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Business, 20.11.2019 22:31 leahandmaryssa

Ultra-energy company offers a cash rebate of $2 on each $9 package of protein powder sold during 2014. historically, 20% of customers mail in the rebate form. during 2017, 3,000,000 packages are sold, and 250,000 $2 rebates are mailed to customers. what is the rebate expense and liability, respectively, shown on the company's 2017 financial statements? (a)$500,000; $700,000.(b)$1,200,000; $700,000.(c)$1,200,000; $500,000.(d)$500,000; $1,200,000.

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