Accounting Analysis AA 1-1 Managerial accounting is more than recording, maintaining, and reporting financial results. Managerial accountants must provide managers with both financial and nonfinancial information includ- ing estimates, projections, and forecasts. An important estimate for Apple is its reserve for warranty claims, and the company must provide shareholders information on this estimate. Required 1. Access Apple's annual report in Appendix A and locate "Accrued Warranty and Indemnification" on page A-9 of its notes. What amount of warranty expense did Apple record for 2017? 2. What amount of warranty claims did Apple pay during 2017? 3. What is Apple's accrued warranty liability at the end of 2017? COMP ANAL C1 E APF