The balance of the estimated warranty liability account was $13,100 on january 1, 2013, and $18,400 on december 31, 2013. based on an analysis of warranty claims during the past several years, this year's warranty provision was established at 1.5% of sales, and sales during the year were $1,420,000. required: a. what amount of warranty expense will appear on the income statement for the year ended december 31, 2013?
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The balance of the estimated warranty liability account was $13,100 on january 1, 2013, and $18,400...
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