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Panther Company had a quality-assurance warranty liability of $353,000 at the beginning of 2024 and $310,000 at the end of 2024. Warranty expense is based
Panther Company had a quality-assurance warranty liability of $353,000 at the beginning of 2024 and $310,000 at the end of 2024. Warranty expense is based on 2% of sales, which were $41 million for the year. What amount of warranty costs were paid during 2024? Multiple Choice $777,000 $820,000 $863,000 $0
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