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Business, 28.06.2019 23:30 lauraabosi

Talks-a-lot, inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warranty program. the average repair cost is $75 per phone. for 2015, talks-a-lot has sold 750 cell phones and has repaired 30 of them as of december 31, 2015. what amount of warranty liability should be reported at december 31, 2015? $2,250.$3,375.$5,625.none, all expected returns from warranties have been received.

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