Both are estimated liabilities, but customer loyalty programs are different from warranties because loyalty program liab

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Both Are Estimated Liabilities But Customer Loyalty Programs Are Different From Warranties Because Loyalty Program Liab 1 (108.29 KiB) Viewed 50 times

Both are estimated liabilities, but customer loyalty programs are different from warranties because loyalty program liabilities are O based on a system which does not assign a specific monetary value. not classified as current liabilities on the balance sheet. O not recognized until the rewards are claimed. O treated as unearned revenue