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An electronics store is running a promotion in which, for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. The coupons expire in one year. The store normally recognizes a gross profit margin of 40% of the selling price on video games. How would the store account for a purchase using the discount coupon?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9409751

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