APTER 10 Current Liabilities Proble CHEC Sask sign anc alem 10-5B Contingencies and warranties LO4 the end of the year is approaching, her problem is determining whether and how to describe some of the Kim is the new manager of accounting and finance for a medium-sized manufacturing company. No any's liabilities in the financial statements. The general manager, Serge Warack, raised objections to the ent of one warranty estimate and a contingency in the preliminary proposal. as filed against a competitor. Warack's written comment on Tara's proposal was, "We KNOW that we st. Warack objected to the proposal to report nothing about a patent infringement suit that the com and, he objected to Tara's proposal to recognize an expense and a liability for warranty service on unit: em cold on this one! We're almost guaranteed to win a very large settlement! product that was just introduced in the company's fourth quarter. His scribbled comment on thi 5, "There is no way that we can estimate this warranty cost. Besides, we don't owe anybody anything products break down and are returned for service. Let's just report an expense if and when we do the 57 re S Develop a written response from Tara Kim regarding the two objections raised by Serge Warack. CHAPTER 10 Current Liabilities Pro Problem 10-5B Contingencies and warranties L04 si treatment of one warranty estimate and a contingency in the preliminary proposal. that the end of the year is approaching, her problem is determining whether and how to describe some Tara Kim is the new manager of accounting and finance for a medium-sized manufacturing company, CH company's liabilities in the financial statements. The general manager, Serge Warack, raised objections Sa First, Warack objected to the proposal to report nothing about a patent infringement suit that the pany has filed against a competitor. Warack's written comment on Tara's proposal was, We KNOW have them cold on this one! We're almost guaranteed to win a very large settlement!" Second, he objected to Tara's proposal to recognize an expense and a liability for warranty service on of a new product that was just introduced in the company's fourth quarter. His scribbled comment on point was, There is no way that we can estimate this warranty cost. Besides, we don't owe anybody am until the products break down and are returned for service. Let's just report an expense if and when wed repairs." Required Develop a written response from Tara Kim regarding the two objections raised by Serge Wara 11 akume is the new margo caminant APTER 10 Current Liabilities Proble CHEC Sask sign anc alem 10-5B Contingencies and warranties LO4 the end of the year is approaching, her problem is determining whether and how to describe some of the Kim is the new manager of accounting and finance for a medium-sized manufacturing company. No any's liabilities in the financial statements. The general manager, Serge Warack, raised objections to the ent of one warranty estimate and a contingency in the preliminary proposal. as filed against a competitor. Warack's written comment on Tara's proposal was, "We KNOW that we st. Warack objected to the proposal to report nothing about a patent infringement suit that the com and, he objected to Tara's proposal to recognize an expense and a liability for warranty service on unit: em cold on this one! We're almost guaranteed to win a very large settlement! product that was just introduced in the company's fourth quarter. His scribbled comment on thi 5, "There is no way that we can estimate this warranty cost. Besides, we don't owe anybody anything products break down and are returned for service. Let's just report an expense if and when we do the 57 re S Develop a written response from Tara Kim regarding the two objections raised by Serge Warack. CHAPTER 10 Current Liabilities Pro Problem 10-5B Contingencies and warranties L04 si treatment of one warranty estimate and a contingency in the preliminary proposal. that the end of the year is approaching, her problem is determining whether and how to describe some Tara Kim is the new manager of accounting and finance for a medium-sized manufacturing company, CH company's liabilities in the financial statements. The general manager, Serge Warack, raised objections Sa First, Warack objected to the proposal to report nothing about a patent infringement suit that the pany has filed against a competitor. Warack's written comment on Tara's proposal was, We KNOW have them cold on this one! We're almost guaranteed to win a very large settlement!" Second, he objected to Tara's proposal to recognize an expense and a liability for warranty service on of a new product that was just introduced in the company's fourth quarter. His scribbled comment on point was, There is no way that we can estimate this warranty cost. Besides, we don't owe anybody am until the products break down and are returned for service. Let's just report an expense if and when wed repairs." Required Develop a written response from Tara Kim regarding the two objections raised by Serge Wara 11 akume is the new margo caminant