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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 74
Access Samsung 's 2013 annual report from its website ( www.samsung.com ). Like Apple , Samsung offers warranties on its products.
Required
1. Access and read footnote 18, "Provisions," included in Samsung's 2013 annual report. What amount of warranty expense did Samsung record during 2013 What amount of warranty claims did Samsung pay in 2013
2. Access and read information on Apple's accrued warranty in footnote 10 of its 2013 annual report. What amount of warranty expense did Apple record during 2013 What amount of warranty claims did Apple pay in 2013
3. Using your answer from parts 1 and 2, which company was more accurate in estimating warranty claims for 2013
Required
1. Access and read footnote 18, "Provisions," included in Samsung's 2013 annual report. What amount of warranty expense did Samsung record during 2013 What amount of warranty claims did Samsung pay in 2013
2. Access and read information on Apple's accrued warranty in footnote 10 of its 2013 annual report. What amount of warranty expense did Apple record during 2013 What amount of warranty claims did Apple pay in 2013
3. Using your answer from parts 1 and 2, which company was more accurate in estimating warranty claims for 2013
Explanation
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Verified
Provisions:
Provisions for certain item...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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