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could someone explain this plz Question 24 (1 point) You have obtained the following extract from the financial statements of a leading computer manufacturer. The
could someone explain this plz
Question 24 (1 point) You have obtained the following extract from the financial statements of a leading computer manufacturer. The aggregate product warranty liabilities were as follows for the following fiscal years ended October 31. In the year of 2012, product warranty liability at the beginning of year is $2,451. In the year of 2012, accruals for warranties issued are $2,370. In the year of 2012, settlements made for warranties are $2,251. In the year of 2012, product warranty liability at the end of year is $2,570. In the year of 2011, product warranty liability at the beginning of year is $2,447. In the year of 2011, accruals for warranties issued are $2,624. In the year of 2011, settlements made for warranties are $2,620. In the year of 2011, product warranty liability at the end of year is $2,451. Based on the above information, how much of the company's economic resources were used in 2012 to honour its products under warranty? For your answer, make sure to put the number without dollar signs ($), commas (,), periods (.), and decimal points. Again, please state the number only without dollar signs, commas, periods, and decimal points for your answer. For example, if the answer happens to be 12345, then you must simply put 12345Step by Step Solution
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