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Which type of warranty provided by a retailer is accounted for as a separate performance obligation? Assume a regular warranty, also called a quality assurance
Which type of warranty provided by a retailer is accounted for as a separate performance obligation? Assume a regular warranty, also called a quality assurance warranty, is provided to each customer who purchases a product, at no additional cost. Assume an extended warranty is optional, is purchased at additional cost to the customer, and provides benefits well beyond that of a regular warranty. Choose the most likely answer.
a. only an extended warranty | ||
b. only a regular warranty | ||
c. both types of warranties | ||
d. neither type of warranty |
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