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    Financial Accounting Study Set 31
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    Exam 16: Other Significant Liabilities
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    Warranty Expenses Are Reported on the Income Statement as
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Warranty Expenses Are Reported on the Income Statement as

Question 19

Question 19

Multiple Choice

Warranty expenses are reported on the income statement as


A) administrative expenses.
B) part of cost of goods sold.
C) contra-revenues.
D) selling expenses.

Correct Answer:

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