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During 2017, customers purchased gift cards from LatteBucks, all of which expire on December 31, 2019. At the end of 2018, some of the gift

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During 2017, customers purchased gift cards from LatteBucks, all of which expire on December 31, 2019. At the end of 2018, some of the gift cards stll have not been redeemed. How should the unredeemed gift cards be reported on LatteBucks's 2018 year-end financial statements? Multiple Choice As a prepaid asset on the balance sheet As a current liability on the balance sheet As an expense on the income statement As sales revenue on the income statement

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