Why is the liability for warranties recognized when products are sold rather than when the warranty services

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Why is the liability for warranties recognized when products are sold rather than when the warranty services are performed?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:19 AM

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Why is the liability for warranties recognized when products are sold rather than when the warranty services

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Cornerstones of Financial and Managerial Accounting

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