Unformatted text preview: USSR has not offered similar promotions in the past and does not have an established accounting policy for such promotions. USSR’s merchandise margin is approximately 50%. Required: • If a customer purchases $100 of merchandise during the promotion and as such receives a $20 gift card, how should USSR account for the transaction? • If the gift card is subsequently redeemed or expires unused, how should USSR account for the redemption or expiration? Copyright 2001 Deloitte Development LLC All Rights Reserved....
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- Spring '10
- USSR, English-language films, All rights reserved