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Combine formula warranty

Combine formula warranty easily

Aug 6th, 2022

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How to combine formula warranty

4.9 out of 5

13 votes

This video tutorial discusses how to accrue warranty expense in financial statements. Warranty is a guarantee provided by a firm that their product will not have any problems, and if it does, they will replace the components. This guarantee creates a liability for the firm, as they are obligated to replace faulty products. The video explains how to account for this liability in the financial statements.

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