Eve's Garden, Inc. sells gift cards redeemable for Eve's Garden products either in-store or online. During...
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Eve's Garden, Inc. sells gift cards redeemable for Eve's Garden products either in-store or online. During 2024, Eve's Garden sold $1,950,000 of gift cards, and $1,750,000 of the gift cards were redeemed for products. As of December 31, 2024, $149,000 of the remaining gift cards had passed the date at which Eve's Garden concludes that the cards will never be redeemed. What is the amount of revenue from the sale of the gift cards that Eve's Garden should recognize in 2024? Eve's Garden, Inc. sells gift cards redeemable for Eve's Garden products either in-store or online. During 2024, Eve's Garden sold $1,950,000 of gift cards, and $1,750,000 of the gift cards were redeemed for products. As of December 31, 2024, $149,000 of the remaining gift cards had passed the date at which Eve's Garden concludes that the cards will never be redeemed. What is the amount of revenue from the sale of the gift cards that Eve's Garden should recognize in 2024?
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