- c. Gift Cards of Max-Value Stores o Assuming that MVS cannot estimate the gift card breakage (la. amount of likely non- redemption]. is the emsting accounting policy of the Company for gift cards compliant with 3MP? it yes. exptein why. If not, explain why not and determine the adjustments, if any, needed to the Statement of Operations (Income Statement) in Tab #2 Exeel Worksheet. Clearly site FASB Codication in defending your answer (old standards}