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Deferred Revenue, which represents the company's obligation to honor gift cards previously issued to customers, totaled $5,700 at the beginning of the year and $7,900
Deferred Revenue, which represents the company's obligation to honor gift cards previously issued to customers, totaled $5,700 at the beginning of the year and $7,900 at the end of the year. Customers purchased gift cards amounting to $44,000 during the year. What was the amount of gift cards redeemed by customers during the year? Multiple Choice O O $30,400 $41,800 O $57,600 O O O $46,200
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