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In its recent annual report, Sassy Company reported the following: Warranty Expense: The Company provides currently for the estimated cost for product warranties at the
In its recent annual report, Sassy Company reported the following: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This would be found in which of the following disclosure notes?
A) Related Party Transactions.
B) Summary of Significant Accounting Policies.
C) Management's Report on Internal Control Over Financial Reporting.
D) Subsequent Events.
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