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Multiple Choice Question 117 Marigold manufactures high-end whole home electronic systems. The company provides a one-year warranty for all products sold. The company estimates that
Multiple Choice Question 117 Marigold manufactures high-end whole home electronic systems. The company provides a one-year warranty for all products sold. The company estimates that the warranty cost is $280 per unit sold and reported a liability for estimated warranty costs $10.8 million at the beginning of this year. sold 61000 units for a total of $322 million and paid warranty claims of $11920000 on current and prior year sales, what amount of liability would the company report on its balance sheet at the end of the current year? during the current year, the company $15960000. $3293333 )$ 17080000. $5160000. Open Show Work Click if you would like to Show Work for this
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