Are all warranty costs accounted for under the accrual basis of accounting? explain.

1 answer:

8 0

All warranty costs accounted for under the accrual basis of accounting go under this section unless the repair cost does not have reasonable estimation. If the repair cost does not have reasonable estimation, it goes under the cash basis for accounting. The accrual basis method of accounting is when you record transactions for revenue when earned and expenses as they are incurred.

You might be interested in

A bulk mail insurance advertising brochure sent by the insurer to every home in one zip code is an example of:_________.

pickupchik [31]

Answer:

direct response marketing

Explanation:

Direct response marketing -

It is the method of sales , which require immediate response and encourages customer to take any action regarding the goods and services , is referred to as direct response marketing.

This method gives instant and quick result and not waiting is required.

Hence, from the given statement of the question, the correct term is direct response marketing.

8 0

2 years ago

What are two good interview questions?<br> PLZ help!!

Elodia [21]

Answer:

What experience do you have in this field of work?

Why do you think you're a good fit for this company/job position?

Explanation:

7 0

3 years ago

While in the planning stage, what would a project manager create through the use of software?

Trava [24]

an evaluation of the project

7 0

2 years ago

Individuals who buy lottery tickets on a regular basis are usually on a __________ schedule of reinforcement.

mote1985 [20]

Answer:

variable-ratio

Explanation:

Based on the information provided within the question it seems that these individuals are usually on a variable-ratio schedule of reinforcement. This refers to a schedule of reinforcement where reinforcement is introduced to a response only after a completely random number of responses have taken place. The randomness of this schedule is why it is mostly seen in gambling and lottery.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

3 years ago

What is the purpose of a carbon tax?

Sav [38]

Answer:

Explanation:

D. The purpose of a carbon tax is to lower greenhouse gan emissions.

7 0

3 years ago

Are all warranty costs accounted for under the accrual basis of​ accounting? explain.

Are all warranty costs accounted for under the accrual basis of accounting? explain.