Agro corp., based in the country of arahonia, is a company that produces agricultural products. the domestic market of arahonia is not sufficient to support agro corp.'s large-scale level of production because arahonia is a small but highly industrialized country. thus, agro corp. decides to sell its products to the agriculture-based country of petinberg at less than their production cost. this process is termed as

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?