53. Which type of warranty is/are accounted for as a separate performance obligation: 1- A normal warranty that the customer can purchase the warranty separately, 2- A normal warranty that provides a service in addition to assurance that the product complies with specifications, 3- A normal warranty that provides assurance that the product complies with specifications Select one: а. b. 2 C. 1 d. 1 and 3 е. 1 and 2 3.
53. Which type of warranty is/are accounted for as a separate performance obligation: 1- A normal warranty that the customer can purchase the warranty separately, 2- A normal warranty that provides a service in addition to assurance that the product complies with specifications, 3- A normal warranty that provides assurance that the product complies with specifications Select one: а. b. 2 C. 1 d. 1 and 3 е. 1 and 2 3.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 10MC: What accounts are used to record a contingent warranty liability that is probable and estimable but...
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Question
![53. Which type of warranty is/are accounted for
as a separate performance obligation:
1- A normal warranty that the customer can
purchase the warranty separately,
2- A normal warranty that provides a service in
addition to assurance that the product complies
with specifications,
3- A normal warranty that provides assurance
that the product complies with specifications
Select one:
а.
b.
2
C.
1
d.
1 and 3
е.
1 and 2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0e703533-b612-4b75-998d-994917274987%2Ffe25ada3-fd70-4a5f-89a6-c5cb2f32f3e2%2Fazuth76_processed.jpeg&w=3840&q=75)
Transcribed Image Text:53. Which type of warranty is/are accounted for
as a separate performance obligation:
1- A normal warranty that the customer can
purchase the warranty separately,
2- A normal warranty that provides a service in
addition to assurance that the product complies
with specifications,
3- A normal warranty that provides assurance
that the product complies with specifications
Select one:
а.
b.
2
C.
1
d.
1 and 3
е.
1 and 2
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