88jrt06 said:
Around November, both Escalantes and El Tiempo have a long history of selling 80% cards. Thanks to those who underwrite them by leaving them in a sock drawer!
This could be better than that. But, business as usual, no desperate cash flow issue.....year end taxes.
Not to dork out too much, but when they do this stuff, pretty sure they aren't booking 'losses'. It is cash in and assets and an offsetting liability. No good accountant is booking gift cards as revenue or expense until it is actually used. Pretty certain it has nothing to do with year end taxes.