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Question 5 1 pts A company sold $12,000 worth of trampolines with a warranty. It estimates that 2% of these sales will result in warranty

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Question 5 1 pts A company sold $12,000 worth of trampolines with a warranty. It estimates that 2% of these sales will result in warranty work. The company should O consider the warranty expense a remote liability since the rate is only 2%. O recognize warranty expense and liability in the year of sale: O recognize warranty expense at the time warranty work is performed consider the warranty expense a contingent liability

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