Explain why companies record a liability when they sell gift cards.

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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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Question Posted: Dec 23, 2015 08:29 AM

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Explain why companies record a liability when they sell gift cards.

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The sale of gift cards is a major source of unearned revenue for many businesses When ...View the full answer

Financial Accounting A User Perspective

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