Question: The revenue recognition note from the 1 0 - K for current fiscal year includes the following. - We record almost all retail store revenues
The revenue recognition note from the K for current fiscal year includes the following.
We record almost all retail store revenues at the point of sale.
Digital channel sales include shipping revenue and are recorded upon delivery to the guest or upon guest pickup at the store.
Total revenues do not include sales tax because we are a passthrough conduit for collecting and remitting sales taxes. future returns. proportion to actual gift card redemptions. fiscal year, and $ million for the fiscal year two years prior.
Required
part a part b part c part d
c Use the financial statement effects template to record the gift card activity during the current fiscal year. Ignore sales tax and returns. Details are as follows.
Note: Use negative signs with answers when appropriate.
Note: If an answer field is not needed, leave it blank not all answer fields will be used
Note: Round answers to the nearest dollar, if applicable.
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