Revenue for Gift Card Breakage Should Be Recognized

question 119

Multiple Choice

Revenue for gift card breakage should be recognized:

• A) When the gift card is sold.
• B) No later than the last day of the operating period in which the gift card is delivered to the customer.
• C) When the probability of gift card redemption is viewed as remote.
• D) Under no circumstances, as gift cards are not themselves a delivered product, but rather a selling technique.

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Definitions:

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