King sales sells A certain product for $20,000. Included in this price is the implied service-type warranty
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Question:
A. Cash. $1,000,000
Sales. $970,000
Unearned warranty. $30,000
B. Unearned warranty revenue. $35,000.
Warranty revenue. $35,000
C. Warranty expense. $35,000
Cash. $35,000
D. Cash. $30,000
Warranty revenue. $30,000
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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