Assume the same facts as in question 142. What is the frequent flyer program liability that ALA should report in its December 31, 2009 balance sheet?
A)$31 million
B)$40 million
C)$45 million
D)$49 million This is the beginning liability of $28 million minus awards redeemed of $19 million + new awards accrued of $40 million = $49 million.

Question

Quizplus · Accepted Answer

This is the beginning liability of $28 million minus awards redeemed of $19 million + new awards accrued of $40 million = $49 million.

Assume the Same Facts as in Question 142