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Why are warranty liabilities usually recognized on the balance sheet as liabilities even when they are uncertain? Suppose a company has a facility located where
- Why are warranty liabilities usually recognized on the balance sheet as liabilities even when they are uncertain?
- Suppose a company has a facility located where disastrous weather conditions often occur. Should it report a probable loss from a future disaster as a liability on its balance sheet? Explain. send me references please to support my studies.
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College Accounting, Chapters 1- 15
Authors: James A. Heintz, Robert W. Parry
23rd Edition
0357391942, 9780357391945
