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    Financial Accounting IFRS Study Set 1
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    Exam 15: Accounting and Financial Reporting for Contingent Liabilities and Leases
  5. Question
    The Accounting for Warranty Costs Is Based on the
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The Accounting for Warranty Costs Is Based on the

Question 239

Question 239

Multiple Choice

The accounting for warranty costs is based on the


A) going concern assumption.
B) expense recognition principle.
C) economic entity principle.
D) fair value principle.

Correct Answer:

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