Of the following, which one affects cash during a period? multiple choice a. an adjusting entry recognizing the expiration of prepaid insurance. b. the declaration of a stock dividend. c. writing off an uncollectible account receivable. d. the declaration of a cash dividend. e. the payment of interest expense accrued in a previous accounting period.

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?