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Fresh Products Ltd . is gathering evidence to support an accrual for warranty claims. The warranty is offered on three products sold to ensure that
Fresh Products Ltd is gathering evidence to support an accrual for warranty claims. The warranty is offered on three products sold to ensure that they operate as expected.
For Product there are warranty claims outstanding. have a potential value of $ each of these will be paid, based on past history have a potential value of $ each of these will bepaid and have a potential payout of $ each will be paid The claims that are not paid are likely to be dismissed belasuse of an expired warranty or incorrect statement of damages.
For Product there are only nine claims outstanding; however, all are large, at $ each. The experienced claims adjustor reviewing the files is completely confident that eight will be dismissed without any payment. For the remaining claim, there is a chance that it will have to be paid in full and a chance that it will be dismissed.
Product has only one potential claim outstanding. The claim is for $ and the adjustor believes that there is a chance it will be dismissed, a chance it will result in a payout of $ and a chance that there will be a payout of $
Required:
Indicate the amount that should be recorded as a warranty provision for each product. Leave no cell blank. Be certain to enter O wherever required.
tableProduct Product ProductWarranty Provision,,,
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