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Based on current year sales of $5,000,000 the company expects warranty expenses of 5% of these sales, which of the following is the correct reporting

  1. Based on current year sales of $5,000,000 the company expects warranty expenses of 5% of these sales, which of the following is the correct reporting requirement

    Disclose/Footnotes

    No disclosure is required

    Uncertain event contingency

    Record in the financial statements

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