The sale of gift cards by a company is a direct example of:

Name: The sale of gift cards by a company is a direct example of:
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

The sale of gift cards is an example of deferred revenues. This is because the cash is received upfront, but the company has an obligation to provide goods or services in the future when the gift card is redeemed. Until that time, the cash received for the gift card is considered deferred revenue.

The Sale of Gift Cards by a Company Is a Direct