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IF you are a CPA working for GE. You are responsible for managing the manufacturer's warranties and the point of sale, add-on-warranties that customers purchase:
IF you are a CPA working for GE. You are responsible for managing the manufacturer's warranties and the point of sale, add-on-warranties that customers purchase:
How do you explain the accounting for each warranty type, along with the impact on the financial statements.
why is the reporting of each differs.
Include each type of warranty's redemption and expiration process and their effect on the income statement and balance sheet.
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