this sale took place after December 31, 20, and therefore should not be shown. Explain your position. 3. Describe the major constraint inherent in the presentation of ac- unting information. 9. What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe he cost-benefit factors that should be considered when new account- ng standards are being proposed. 30. The treasurer of Landowska Co. has heard that conservatism is a doctrine that is followed in accounting and therefore, proposes that several policies be followed that are conservative in nature. State your opinion with respect to each of the policies listed. a. The company gives a 2-year warranty to its customers on all products sold. The estimated warranty costs incurred from this year's sales should be entered as an expense this year in- stead of an expense in the period in the future when the war uncertainty