Assume that a company sells a $100 gift card to a customer on December 1, 2023 and the customer redeems (uses) the gift card on February 1, 2024;. If the company publishes their annual report on December 31st of each year, which fiscal year would revenue be recognized as it relates to this gift card

Answer rating: 100% (QA)

Answer The revenue from the gift card sale would be recognized in the fiscal year ending De... View the full answer