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liubo4ka [24]
3 years ago
6

True or False. Expense for a quality-assurance warranty is recorded along with the related liability in the reporting period in

which the product under warranty is sold.
Business
1 answer:
Novosadov [1.4K]3 years ago
5 0

Answer:

True

Explanation:

Whenever a company sells products that may generate warranty expenses, it must estimate the warranty expenses associated with the products sold.

It must credit a warrant liability account, and as the warrant claims are made, the company must debit a warranty expense account.

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Answer:

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