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> A gift certificate is a business liability under GAAP. And you’re not required to hold that liability forever. And an expectation that the liabilities will n
by bryanlarsen 2mo ago
> A gift certificate is a business liability under GAAP. And you’re not required to hold that liability forever.
And an expectation that the liabilities will never be called is an offsetting asset. It never offsets to quite zero, but over time it gets pretty darn close.