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GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2016, GoodBuy sold $1,120,000 of gift cards, and $1,010,000 of the
| GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2016, GoodBuy sold $1,120,000 of gift cards, and $1,010,000 of the gift cards were redeemed for products. As of December 31, 2016, $25,000 of the remaining gift cards had passed the date at which GoodBuy concludes that the cards will never be redeemed. |
| How much gift card revenue should GoodBuy recognize in 2016? |
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