Question: Inferring Transactions from Accrual Accounts Deere & Company was incorporated in 1868 and today is the world's leading producer of agricultural equipment. The company also provides credit, managed health care plans, and insurance products for businesses and the general public. The following information is taken from a recent annual report (in millions of dollars):
Required: 1. For each accrued liability account, describe the typical transactions that cause it to increase and decrease.
2. Solve for the missing amounts for ( a), ( b), and ( c) (in millions).