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The ending warranty liability was $25,000. Sales of $5,000,000 were made, and 2% of sales is the estimated warranty cost. The beginning balance of the
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The ending warranty liability was $25,000. Sales of $5,000,000 were made, and 2% of sales is the estimated warranty cost. The beginning balance of the warranty liability was $35,000 (credit). How much warranty work was performed?
$110,000
$100,000
$10,000
$90,000
None of these
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