Question: Which statement is TRUE? Select one: a.At year-end, a journal entry to increase assets by the estimate of future inventory returns should be made b.Inventory

Which statement is TRUE?

Select one:

a.At year-end, a journal entry to increase assets by the estimate of future inventory returns should be made

b.Inventory on consignment should be included in the consignee's inventory count until sold

c.For assurance-type warranties, warranty expense is allocated over the life of the warranty

d.For service-type warranties, warranty revenue is recorded in the year of the sale of the additional warranty

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