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All of the following statements related to recording warranty expense are true except: 10) A) Warranty costs are probable and the amount can be estimated.

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All of the following statements related to recording warranty expense are true except: 10) A) Warranty costs are probable and the amount can be estimated. B) Recording estimated warranty expense complies with the matching principle. C) The seller reports a warranty obligation as a liability. D) Recording estimated warranty expense complies with the full disclosure principle. E) Warranty expense should be recorded in the period when the warranty service is performed

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