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(I Warranty Expense and (II) Provision for Warranties Are What

Question 11

Multiple Choice

(I. Warranty expense and (II) provision for warranties are what type of accounts?

A) (I) Expense, (II) equity
B) (I) Expense, (II) asset
C) (I) Expense, (II) liability
D) (I) Liability, (II) expense

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