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Why are warranty liabilities usually recognized on the balance sheet as liabilities even when they are uncertain? add References. Suppose a company has a facility

  1. Why are warranty liabilities usually recognized on the balance sheet as liabilities even when they are uncertain? add References.
  2. 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. add References.

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