Business, 08.01.2020 04:31 andreanaapollon7593

At the beginning of 20x1, sun angel corporation began offering a two-year warranty on its products. the warranty program was expected to cost sun angel 1% of net sales in the first 12 months and 3% of net sales in the second 12-month period. net sales made under warranty in 20x1 were $180 million. fifteen percent of the units sold were returned in 20x1 and repaired or replaced at a cost of $5.3 million. the amount reported on sun angel's 20x1 year end balance sheet for est. warranty liability is: group of answer choices

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At the beginning of 20x1, sun angel corporation began offering a two-year warranty on its products....

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