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Communication (balance sheet): Suppose a company sells inventory in the current year that includes a warranty. The companys estimate of future warranty costs will be

Communication (balance sheet): Suppose a company sells inventory in the current year that includes a warranty. The companys estimate of future warranty costs will be reported in the balance sheet as:

Multiple Choice

A. estimated future warranty costs are not reported in the balance sheet.

B. warranty asset.

C. warranty liability.

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