Why should a company normally account for product warranties on an accrual basis?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:15 AM

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Why should a company normally account for product warranties on an accrual basis?

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Product warranties are obligations that clearly exist at a balance sheet d...View the full answer

Intermediate Accounting

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