. There was a shipment for export in the packages of cartons and wooden boxes. The type of packaging on the bills of lading was confirmed as PACKAGES, but it failed to successfully apply for the certificate of origin at the Inspection and Quarantine Bureau. The reason was that using PACKAGES to describe the packing unit was too general. If the company changed the packaging type to CARTONS on the certificate of origin but packaging unit on the bills of lading remained as before, do you think the customer would have trouble when clearing at Canadian customs?

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?