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pharoah company offers a five-year warranty on its products. pharoah previosuly estimated...

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Accounting

pharoah company offers a five-year warranty on its products. pharoah previosuly estimated arrantuy costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control improvements. pharoah reported warranty costs of $76800 on $2560000 in 2023 and $91800 on $3060000 in 2024. sales revenue for 2025 was $5120000. what is the adjustement to reained earnings in 2025?(ignore income tax considerations)
a) $61800
b)$113000
c)$0
d) $51200

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