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At December 31, 20X4, Park Beauticians had 1,000 gift certificates outstanding which had been sold to customers during 20X4 for $50 each. Park operates on a gross margin of 60%. How much revenue pertaining to the 1,000 outstanding gift certificates should be deferred at December 31, 20X4
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At December 31, 20X4, Park Beauticians had 1,000 gift certificates outstanding which had been sold t...
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