Company sells merchandise with a one year warranty. In 2012, sales consisted of 2,500 units.It is estimated
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Company sells merchandise with a one year warranty. In 2012, sales consisted of 2,500 units.It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2012 and 70% in 2013.In the 2012 income statement, Company should show warranty expense of what?
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