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    Principles of Accounting Study Set 1
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    Exam 11: Current Liabilities and Fair Value Accounting
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    Recording Estimated Product Warranty Expense in the Year of the Sale
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Recording Estimated Product Warranty Expense in the Year of the Sale

Question 171

Question 171

Multiple Choice

Recording estimated product warranty expense in the year of the sale best follows which of the following accounting principles?


A) Matching
B) Consistency
C) Historical cost
D) Full disclosure

Correct Answer:

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