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Under the expense approach, the warranty liability is measured using? A) the estimated past returns of products. B) None of these answers is correct. C)

Under the expense approach, the warranty liability is measured using?

A)

the estimated past returns of products.

B)

None of these answers is correct.

C)

actual costs of past years' repairs.

D)

the estimated sales of past years.

E)

the estimated future cost of servicing the product warranty.

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