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16 16. A business sold $ 200,000 in gift cards in 2020. Cardholders used $ 20,000 during 2020. The cards do not have an expiration
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16. A business sold $ 200,000 in gift cards in 2020. Cardholders used $ 20,000 during 2020. The cards do not have an expiration date. The company estimates that $ 30,000 of the remaining Sso, 000 will NOT be used (breakage), The amount of income from gift cards that the company will recognizes in 2020 is: $ 200,000 b. S120,000 S170,000 d. $ 150,000 Step by Step Solution
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