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Business, 05.08.2021 19:10 QueenNerdy889

During 2017, Eaton Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related to dollar sales are 2% within 12 months following sale and 4% in the second 12 months following sale. Sales and actual warranty expenditures for the years ended December 31, 2017 and 2018 are as follows: At December 31, 2017, (assuming the accrual method) Eaton should report an estimated warranty liability of

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