Business, 16.07.2021 05:50 kathleendthomas
Carpenter Inc. had a balance of $89,000 in its quality-assurance warranty liability account as of December 31, 2020. In 2021, Carpenter's warranty expenditures paid were $454,000. Its warranty expense is calculated as 1% of sales. Sales in 2021 were $40.9 million. What was the balance in the warranty liability account as of December 31, 2021
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Carpenter Inc. had a balance of $89,000 in its quality-assurance warranty liability account as of De...
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