Business, 19.02.2021 03:50 bellalemieux
Nutramint Inc. had a balance of $175,000 in its warranty liability account as of December 31, 2018. In 2019, Nutramint's warranty expenditures were $125,000. Its warranty expense is calculated as 1% of sales, and Sales in 2019 were $10 million. What was the balance in the warranty liability account as of December 31, 2019
Answers: 1
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Nutramint Inc. had a balance of $175,000 in its warranty liability account as of December 31, 2018....
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