Using the information for Relax Spa Inc.: a. What data could…
Using the information for Relax Spa Inc.: a. What data could Relax Spa Inc. use to come up with a reasonable gift card redemption rate to apply to their year end financial statements? Provide two alternatives. (2 marks) b. If Relax Spa Inc. did not account for breakage related to gift card sales, what would be the impact on their financial statements. (2 marks)