Determine if this shall result in recognition of liabilities 19.Sale of gift certificates redeemable in merchandise

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 14Q: What business circumstance could bring about a short-term note payable created from a purchase?
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Determine if this shall result in recognition of liabilities

19.Sale of gift certificates redeemable in merchandise

a. yes

b. no

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