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Bell, Inc., an accrual basis taxpayer, makes and sells personal computing equipment. It includes basic one - year warranty service with most of its products
Bell, Inc., an accrual basis taxpayer, makes and sells personal computing equipment. It includes basic oneyear warranty service with most of its products and, for financial reporting purposes, recognizes an estimate of the expenses related to honoring those warranties when the products are sold. Bell reports the following in its financial statements for the year:
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