Business
Business, 14.11.2019 21:31, robert7248

Aviation systems sells its products with a three-year manufacturing warranty. the company's sales revenue is $600,000. based on prior experience, the company estimates that warranty costs are 5% of sales revenue. actual warranty costs related to these sales were $5,000 during the year. how much is the estimated warranty liability reported in the balance sheet this year?

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Aviation systems sells its products with a three-year manufacturing warranty. the company's sales re...

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