View Policies Current Attempt in Progress An option to purchase a warranty is recorded as an expense in the period the goods or services are sold. je warranty liability for all costs incurred after sale due to correction of defects. revenue in the period that the service-type warranty is in effect. O an assurance type warranty which is included in the sales price of the product. e Textbook and Media Submit Answer Save for Later Attempts: 0 of 1 used