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Mathematics, 21.01.2021 04:20 sherifour

Schlegel Department Store sells gift certificates—redeemable for store merchandise—that expire one year after their issuance. Schlegel has the following information pertaining to its gift certificates sales and redemptions: Unredeemed certificates at 12/31/X1 $ 90,000 20X2 sales 400,000 20X2 redemptions of prior year sales 60,000 20X2 redemptions of current year sales 325,000

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