Question: explain how each of these items will affect the financial statements of Fillet at year 2 0 X 9 : a company offers a three

explain how each of these items will affect the financial statements of Fillet at year 20X9:
a company offers a three-year guarantee over parts and labour for products sold to ensure that parts work as expected. there were no payments this year, and only 5% of products sold this year are expected to need repairs in the next year. the cost of this work would be in the range of $100,000.

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