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In 2013, Magic Table Inc. decides to add a 36-month warranty on its new product...

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Accounting

In 2013, Magic Table Inc. decides to add a 36-month warranty on its new product sales. Warranty costs are tax deductible when claims are settled. In its financial statements for 2013 Magic Table Inc. incurs: a.) an increase in a deferred tax asset b.) A decrease in deferred tax asset c.) an increase in deferred tax liability d.) a decrease in deferred tax liability

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