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What would the implication be on our financial statements

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Question - The Company provides loyalty program points for its customers. It is 1 point for every $100 spent. The points can then be redeemed for a discount on future services. A total of 100 points will result in $500 discount. The company has a sales of $2531760. How should we record this in our books and what would the implication be on our financial statements?

Reference no: EM132435815

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