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During 2013, Matrix Inc. sells 1,000 DVD recorders for $500 each. Each DVD has a two-year warranty. Matrix estimates that warranty costs will be $20

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During 2013, Matrix Inc. sells 1,000 DVD recorders for $500 each. Each DVD has a two-year warranty. Matrix estimates that warranty costs will be $20 per recorder which statement is correct pertaining to this transaction? Matrix will record sales net of the warranty expenses Matrix will record the warranty expenses as they occur Matrix will record an "Uneamed Rovences" liability related to warranty expense Matre will record a warranty liability in the same fiscal year revenues are recorded OOOO

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