When should companies that sell gift cards to customersreport revenue?a. When the gift card is issued and cash is received.b. When the gift card is used by the customer.c. At the end of the year in which the gift card is issued.d. None of the above.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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When should companies that sell gift cards to customers
report revenue?
a. When the gift card is issued and cash is received.
b. When the gift card is used by the customer.
c. At the end of the year in which the gift card is issued.
d. None of the above.

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