Question
On January 1,2019, Agri LTD sold a machine for $10,000, with a 2 year warranty guarantee that the machine was free from any defects. The
On January 1,2019, Agri LTD sold a machine for $10,000, with a 2 year warranty guarantee that the machine was free from any defects. The customer also purchased a 1-year extended warranty for the machine for additional $50. In which year, should Agri Ltd receive the revenue earned from the 1-year extended warranty?
a)2019
b) 2020
c) 2021
d) 2022
e) None of the above
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Accounting For Non Accounting Students
Authors: John Dyson, Ellie Franklin
10th Edition
1292286938, 9781292286938
