Refer to the Indigo balance sheet in Appendix II. Does Indigo show any un-redeemed gift card liability

Question:

Refer to the Indigo balance sheet in Appendix II. Does Indigo show any un-redeemed gift card liability tax? If so, what is the balance in the account and what does the liability represent?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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