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Which of the following statements is true? a. Unearned warranty revenue is recognized when a warranty is sold in addition to the product sold. b.

Which of the following statements is true?

Unearned warranty revenue is recognized when a warranty is sold in addition to the product sold.

Unearned warranty revenue is recognized for all types of warranties.

Unearned warranty revenue is recognized when warranty comes automatically with the product sold.

Unearned warranty revenue is only recognized under ASPE.

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