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Bears Incorporated sells football helmets to local schools and warrants all of its products for...

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Accounting

Bears Incorporated sells football helmets to local schools and warrants all of its products for one year. While no helmets sold in 2024 have been returned yet, based upon previous years, Bears Incorporated estimates that 3% of its products will need repairs or be replaced within the next year. What effect would this warranty have on assets, liabilities, and stockholders' equity reported at the end of 2024? Multiple Choice A decrease in stockholders' equity and an increase in liabilities No effect An increase in stockholders' equity and a decrease in liabilities A decrease in assets and decrease in stockholders' equity

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