c. Use the financial statement effects template to record the gift card activity during the fiscal year ended February 2, 2019. Ignore sales tax and returns. Details are as follows. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. $ millions Gift card liability, February 3, 2018 $727 Gift cards issued during current period but not redeemed 645 Revenue recognized from beginning liability Gift card liability, February 2, 2019 (532) $840 ($ millions) Transaction May: Gift card sale May: Gift card redemption Cash N/A Cash Asset 645✓ N/A 0✓ Inventory Noncash Assets 0 Balance Sheet Liabilities Contrib. Capital Earned Capital 645✓ 0 0 Unearned Revenue N/A ✓ N/A ✓ N/A x = -532✓ 0 ✓ 0 x Unearned Revenue N/A ÷ Retained Earnings Revenue Income Statement Expenses Net Income 0 0 Revenues 0 N/A 532 ▼ ÷ COGS x = ×

The purpose of this forum is to challenge you to define, explain, and provide examples of noncurrent assets

Indicate how to present and analyze liabilities and contingencies.

What problems does the data cleansing step attempt to resolve?