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In 2017, Hydrogen Corp

Question 42

Multiple Choice

In 2017, Hydrogen Corp.began selling a new line of products that carry a two-year warranty against defects.Based upon past experience with other products, the estimated warranty costs related to dollar sales are as follows: In 2017, Hydrogen Corp.began selling a new line of products that carry a two-year warranty against defects.Based upon past experience with other products, the estimated warranty costs related to dollar sales are as follows: Hydrogen uses the expense approach to account for warranties.What is the estimated warranty liability at the end of 2018? A) $73,500 B) $43,500 C) $28,500 D) $12,000 Hydrogen uses the expense approach to account for warranties.What is the estimated warranty liability at the end of 2018?


A) $73,500
B) $43,500
C) $28,500
D) $12,000

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