Business, 06.02.2021 04:20 kamiyaharris1
Carpenter Inc. had a balance of $97,000 in its quality-assurance warranty liability account as of December 31, 2020. In 2021, Carpenter's warranty expenditures paid were $462,000. Its warranty expense is calculated as 1% of sales. Sales in 2021 were $41.7 million. What was the balance in the warranty liability account as of December 31, 2021
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Carpenter Inc. had a balance of $97,000 in its quality-assurance warranty liability account as of De...
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