If 2 million worth of products are sold in year 1 the products carry a 2-year warranty and management estimates warranty costs will be 3 of sales in year 1 and 4 of sales in year 2 then warranty costs of 60000 and 80000 should be accrued in years 1 and 2 respectively (True or False)

Answer rating: 100% (QA)

Giren Sold Cast 2 nillion 2000 00o Waroranty Cost accrue... View the full answer