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    Financial Accounting Study Set 1
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    Exam 9: Current Liabilities and Long-Term Debt
  5. Question
    What Effect Will There Be on Reported Liabilities and Net
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What Effect Will There Be on Reported Liabilities and Net

Question 63

Question 63

Essay

What effect will there be on reported liabilities and net income if a company does NOT accrue warranty expense?

Correct Answer:

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Reported liabilities...

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