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MC Question Cunningham Corp, had a balance of $93,000 in its quality-assurance warranty llability account as of December 31, 2020. In 2021, Cunningham's warranty
MC Question Cunningham Corp, had a balance of $93,000 in its quality-assurance warranty llability account as of December 31, 2020. In 2021, Cunningham's warranty expenditures paid were $458,000. Its warranty expense is calculated as 1% of sales. Sales in 2021 were $41.3 million. What was the balance in the warranty liability account as of December 31, 2021? aw Multiple Choice $48,000 $506,000 $484,000 < Prev 27 of 30 Next >
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