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In a recent annual report, Allen Inc. reported the following in one of its disclosure notes: Warranty Expense: The Company provides currently for the estimated

In a recent annual report, Allen Inc. reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This note exemplifies Allen's use of:
Multiple Choice
Economic entity.
Cost effectiveness.
Matching.
Revenue recognition.
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