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Business, 12.04.2021 21:20 tommy4260

During 2019, Thomas Manufacturing Company sells machines which a 5-year warranty for defects. Estimates indicate that total repair costs will average 4% of the total selling price. The estimated warranty liability was $42,000 at the beginning of 2019, and $47,000 at the end of 2019. Also, $11,000 in claims was actually incurred during the year to honor their warranty. What was the sales revenue for the year 2019

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During 2019, Thomas Manufacturing Company sells machines which a 5-year warranty for defects. Estima...
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