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Zacellison Zacellison
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Posts: 166
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5 years ago
A firm sold $100,000 worth of goods during 1999. The firm extends warranty coverage on these
goods. Historically, warranty costs have averaged 2% of total sales. During 1999, the firm
incurred $1,000 to service goods sold in 1998 and $200 to service goods sold in 1999. What is
warranty expense for 1999?
A) $200
B) $1,200
C) $2,000
D) $3,200
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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riptideriptide
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5 years ago
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Zacellison Author
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#2
5 years ago
Marking this solved, moving on to the next...
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