Warranty obligations are estimated based on:
Warranty obligations are estimated based on: (choose 2)
historical experience of anticipated product defects
the customer’s age and gender
material and labors estimates for repair
the suppliers
4
Contingent liabilities are: (choose 2)
set values used for the matching principle
potential liabilities that may not actually occur in the future
accrued when they are likely to occur & can be reasonably estimated
the same thing as estimated liabilities
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