Business, 26.03.2020 02:43 rusdunkin

Nash Industries changed its method of accounting for warranties from the cash basis to the accrual basis on January 1, 2021. The company's accountant determined that a liability of $70,000 should be established. Ignore income taxes. prepare the journal entry to record the accounting change

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Nash Industries changed its method of accounting for warranties from the cash basis to the accrual b...

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