How should a company treat warranty coverage sold as part of a product dellvered to...
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How should a company treat warranty coverage sold as part of a product dellvered to a customer? Multipte Choice 4336 Recognize warranty liability when the company purchases the bicycles Recognize warranty expense at the time the warranty work is performed. Warranty expense is not recognized because It is part of the cost of the good sold Recognize warranty expense and liability in the year of the sale. Consider the warranty expense a contingent liability
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