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  3. Study Set
    Intermediate Accounting Study Set 13
  4. Exam
    Exam 1: Current Liabilities and Contingencies
  5. Question
    Which Statement About Warranties Is Correct
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Which Statement About Warranties Is Correct

Question 2

Question 2

Multiple Choice

Which statement about warranties is correct?


A) Warranties are provisions.
B) Warranties included with the product sold are accounted for under IFSR15.
C) Warranties are financial liabilities.
D) Warranties included with the product sold are accounted for under IAS39.

Correct Answer:

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