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The treasurer of Landowska Co. has heard that conservatism is adoctrine that is followed in...

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Accounting

The treasurer of Landowska Co. has heard that conservatism is adoctrine that is followed in accounting and, therefore, proposesthat several policies be followed that are conservative in nature.State your opinion with respect to each of the policies listed.

(a) The company gives a 2-year warranty to its customers on allproducts sold. The estimated warranty costs incurred from thisyear

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