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Ellen
Ellen, Lawyer, Accountant and Researcher
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By not accruing warranty expense, A) reported expenses will

Customer Question

By not accruing warranty expense,
A) reported expenses will be overstated, and reported liabilites will be understated
B) reported expenses will be understated, and net income will be understated
C) reported liabilities will be understated, and net income will be overstated
D) reported liabilities will be overstated, and net income will be understated
Submitted: 5 years ago.
Category: Single Problem
Expert:  Ellen replied 5 years ago.

WebLaw : The answer is "C"
WebLaw : Thank you
Expert:  Ellen replied 5 years ago.
Hi,


I'm just following up with you to see how everything is going. Did my answer help?


Let me know,
WebLaw

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