Business, 02.07.2021 03:40 jacobman0718

Over the past four years, Hashwari Corporation reported sales revenue and warranty expense as follows. 2016 2017 2018 2019
Sales revenue $5,000,000 $5,200,000 $5,382,000 $5,704,920
Warranty expense 105,200 104,100 118,500 108,400
We wish to reformulate the income statement to reflect a constant proportion of warranty expense to sales over the four-year period. What is our warranty expense adjustment for each year?

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Over the past four years, Hashwari Corporation reported sales revenue and warranty expense as follow...

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