Business, 25.12.2019 05:31 arianaw6735
Computer wholesalers restores and resells notebook computers. it originally acquires the notebook computers from
corporations upgrading their computer systems, and it backs each notebook it sells with a 90-day warranty against
defects. based on previous experience, computer wholesalers expects warranty costs to be approximately 6% of sales.
sales for the month of december are $600,000. actual warranty expenditures in january of the following year were
$13,000.
required:
1, does this situation represent a contingent liability? why or why not?
2 record warranty expense and warranty liability for the month of december based on 6% of sales.
3. record the payment of the actual warranty expenditures of $13.000 in january of the following year.
4. what is the balance in the warranty liability account after the entries in requirements 2 and 3?
Answers: 3
Business, 23.06.2019 01:30
Determine allison's december 31, 2018, investment in mathias balance.
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Business, 23.06.2019 10:20
Is quadrilateral jklm the result of a dilation of quadrilateralabcd by a scale factor of 2? why or why not? o yes, because sides jk and ml are twice as long assides ab and dc.yes, because both figures are parallelograms, socorresponding sides are parallelno, because sides jk and ml are not twice as long assides ab and dc.no, because sides jm and kl have different slopesfrom sides ad and bc.
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Business, 23.06.2019 14:30
Is an image at the top of the page that includes the title
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Computer wholesalers restores and resells notebook computers. it originally acquires the notebook co...
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