Research Company sells merchandise with a one year warranty. In the current year. sales consisted...
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Research Company sells merchandise with a one year warranty. In the current year. sales consisted of 3,417 units. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in the current year and 70% in the next year. In the current year's income statement, Research should show warranty expense of $10,251 $34,170 $0 $23,919
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