The government of Fredonia increased its spending by $100 million to fight a recession during 2007. If the government's budget was balanced prior to the recession, which of the following is MOST likely to happen by the end of 2007? Assume that this policy has NOT yet had any positive effect by the end of 2007. Group of answer choices

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?