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View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Oriole Company offers a five-year warranty on its products. Oriole previously
View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Oriole Company offers a five-year warranty on its products. Oriole previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control improvements. Oriole reported warranty costs of $76500 on $2550000 in 2023 and $91500 on $3050000 in 2024. Sales revenue for 2025 was $5100000. What is the adjustment to Retained Earnings in 2025 (ignore income tax considerations)? O $51000 $61500 $0 O $112500 eTextbook and Media Save for Later Attempts: 1 of 2 used Submit Answer
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