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A client paid Quinn Hughes Co. $10,000 on March 1 for gift cards to their store. As at December 31 (Quinn Hughes Co.'s year
A client paid Quinn Hughes Co. $10,000 on March 1 for gift cards to their store. As at December 31 (Quinn Hughes Co.'s year end), $4,300 of the gift cards had been redeemed. Which of the following is a true statement? Select one: a. On December 31, the unearned revenue balance is $5,700 b. On March 1, the accounts receivable balance is $10,000 c. On March 1, the revenue balance is $10,000 d. On December 31, the revenue balance is $5,700
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