Access Samsung's 2015 annual report from its website (Samsung.com). Like Apple, Samsung offers warranties on its products.
Required
1. Access and read footnote 18, "Provisions," included in Samsung's 2015 annual report. What amount of warranty expense did Samsung record during 2015? What amount of warranty claims did Samsung pay in 2015?
2. Access and read information on Apple's accrued warranty in footnote 10 of its 2015 annual report. What amount of warranty expense did Apple record during 2015? What amount of warranty claims did Apple pay in 2015?
3. Using your answers from parts 1 and 2, which company was more accurate in estimating warranty claims for 2015?