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Blossom Bakery began selling gift cards in 2025. Based on industry norms, they expect that 40% of the gift cards will not be redeemed. In
Blossom Bakery began selling gift cards in 2025. Based on industry norms, they expect that 40% of the gift cards will not be redeemed. In 2025, the bakery sold gift cards with a value of $800. During that period, gift cards with a value of $200 were redeemed. The amount of revenue that Blossom will recognize in 2025 with regard to the gift cards is Select answer from the options below $800 $200 $280 $333
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