Rafi, a director of super service station corporation, does not attend a board meeting for three years. during that time, twyla, super's president, makes improper loans that cost the company $100,000. rafi is most likely

An electronics store is running a promotion where 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 recognized 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?