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

Which statement is TRUE? Select one: O a. At year-end, a journal entry to increase assets by the estimate of future inventory returns should be made Ob. Inventory on consignment should be included in the consignee's inventory count until sold Oc. For assurance-type warranties, warranty expense is allocated over the life of the warranty O d. For service-type warranties, warranty revenue is recorded in the year of the sale of the additional warranty

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