Pleasant Co. manufactures specialty bike accessories. The company is known for product quality, and it has offered
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If your school has a subscription to the FASB Codification, go to log in and prepare responses to the following. Provide Codification references for your responses.
(a) Identify the accounting literature that addresses the accounting for the type of separately priced warranty that Pleasant is considering.
(b) When are warranty contracts considered separately priced?
(c) What are incremental direct acquisition costs and how should they be treated?
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