Deferred Revenue, which represents the company's obligation to honor gift cards previously issued to customers, totaled $6,600 at the beginning of the year and $9,000 at the end of the year. Customers purchased gift cards amounting to $50,400 during the year. What was the amount of gift cards redeemed by customers during the year?
A. $34,800
B. $48,000
C. $66,000
D. $52,800
Answer: B
Business
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Answer the following statement true (T) or false (F)
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Fill in the blank(s) with the appropriate word(s).
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