15. The expense warranty accrual method

a. violates the matching concept

b. requires recognition in the period of sale of the estimated warranty expense and warranty

liability

c. separates accounting for two components of the sales price: the price of the product and

the price of the warranty

d. debits warranty costs to expense in the period when warranty expenditures are made

16. Liabilities whose amounts must be estimated are disclosed in financial statements by

a. including details in the footnotes

b. describing the estimated liability among the liabilities on the balance sheet, but not

including the amounts in the liability totals

c. an appropriation of retained earnings

d. including the amounts in the liability totals