Big Wave Marine Products had sales revenue of $850,000 for the year-ended December 31, 2017. The units sold were covered by a two-year warranty and Big Wave began 2017 with a warranty liability balance of $11,600. Big Wave's management team estimated that the units sold in 2017 would result in future warranty claims in the amount of 4% of sales revenue and during 2017. Big Wave spent $34,800 servicing customer warranty claims. Write down the that Big Wave will record in 2017 for warranty expense.

$34,000

Explanation:

the journal entry to record the warranty expense would be:

Dr Warranty expense 34,000

    Cr Warranty liability 34,000

The warranty liability account covers products sold during the current and previous year (until the 2 year warranty period is over). It is a permanent liability account that changes over time, while the warranty expense account is a temporary account and is recorded when the goods are sold.  

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest