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Business, 25.02.2020 21:09 smithmorgan773p35885

In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This note exemplifies Apple's use of:

a. Conservatism
b. Matching
c. Realization principle
d. Economic entity

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