Estimated cost for product warranties


In a recent annual report, a company reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This note exemplifies the company's use of what?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Estimated cost for product warranties
Reference No:- TGS072943

Expected delivery within 24 Hours