How much gift card revenue

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Reference no: EM13827202

GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2016 GoodBuy sold $1,000,000 of gift cards, and $840,000 of gift cards were redeemed for products. As of of December 31, 2016, $30,000 of the remaining gift cards had passed the date at which GoodBuy concludes that the gift cards will never be redeemed. How much gift card revenue should Good Buy recognize in 2016?

Reference no: EM13827202

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How much gift card revenue : GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2016 GoodBuy sold $1,000,000 of gift cards, and $840,000 of gift cards were redeemed for products. As of of December 31, 2016, $30,000 of the remaining gift ca..

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