Business, 25.06.2020 02:01 elijah1090

Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warranty program. The average repair cost is $75 per phone. For 2021, Talks-A-Lot has sold 690 cell phones and has repaired 14 of them as of December 31, 2021. What amount of warranty liability should be reported at December 31, 2021

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