The following is available for Bonser's warranty liability, before year-end adjustment. Beginning warranty liability 800,000 Warranty expense 1,100,000 Warranty claims paid 1,050,000 Ending warranty liability, before adjustment 850,000 Based upon a year-end analysis by the warranty claims department, the ending balance in the warranty liability should be $925,000. What amount should appear on the annual income statement for warranty expense? 

$1,100,000 

$1,175,000 

$1,025,000 

$925,000

Answer rating: 100% (QA)

To calculate the correct amount that should appear on the annual income statement for warranty expen... View the full answer