Why is the liability for warranties recognized when products are sold rather than when the warranty services

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Why is the liability for warranties recognized when products are sold rather than when the warranty services are performed?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 03:01 AM

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Why is the liability for warranties recognized when products are sold rather than when the warranty services

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Cornerstones of Financial and Managerial Accounting

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