WIP9-4 (Warranties) You are studying with some classmates, and one of them states the following:...
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WIP9-4 (Warranties) You are studying with some classmates, and one of them states the following: Expenses related to assurancetype warranties are accrued at the time the related product is sold, but recognized as expenses during the period covered by the warranty. This is similar to what is done with servicetype warranties. Required Identify and explain the flaws in your classmates logic
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