job as a manager at a consumer electronics store called FarWest Electronics. The company has expanded rapidly in order to compete with Best Buy FarWest has also begun selling gift cards. The cards are available in any dollar amount and allow the holder of the card to purchase an item for up to 2 years from the time the card is purchased. If the card is not used during those 2 years, it expires. Answer the following questions. At whjat noint should the revenue from the gft cards be recognized? Should the revenue be recognized at the time the card is sold, or should t be recorded when the card is redoemed Explain the reasoning to support your answers