Question: At December 3 1 , 2 0 2 5 , Sue's Boutique had 1 , 5 0 0 gift certificates outstanding, whic had been sold

At December 31,2025, Sue's Boutique had 1,500 gift certificates outstanding, whic
had been sold to customers during 2025 for $60 each. Sue's operates on a gross
profit of 60% of its sales. What amount of revenue for the 1,500 outstanding gift
certificates should be deferred at December 31,2025?
At December 31,2025, Sue's Boutique had 1,500 gift certificates outstanding, whic

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