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During the current year, Nordsom Corp. increased its warranty accrual by $ 3 0 , 0 0 0 based upon recent experiences with product returns
During the current year, Nordsom Corp. increased its warranty accrual by $ based upon recent experiences with product returns resulting from manufacturing defects originating last year, but not discovered until this year.
a Classify the accounting change. Answer
b Determine the proper accounting approach. Answer
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