Which of the following is least likely to be used as an alternate procedure for handling nonreplies to accounts receivable confirmation requests? Multiple Choice Examine bills of lading. Physically examine items sold. Examine correspondence. Examine subsequent cash receipts.

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?