All of the following statements related to recording warranty expenses are true except: a. recording estimated warranty expense complies with the full disclosure principle. b. warranty expense should be recorded in the period when the warranty service is performed. c. recording estimated warranty expense complies with the matching principle. d. the seller reports a warranty obligation as a liability. e. warranty costs are probable and the amount can be estimated.

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.