Effect of the proposed accounting, Accounting Basics

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Effect of the proposed accounting

Assume income before warranty expense is $43,000 for both 2012 and 2013 and that total warranty expense over the 2-year period is $10,000. What is the effect of the proposed accounting in 2012? In 2013?

Please help me understand how the calculation is done for the question.

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Accounting Basics: Effect of the proposed accounting

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Effect of the proposed accounting

Reference No:- TGS052349

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Account for the investment

Q : Amount to capitalize as goodwill

Q : Prevailing interest rate on debt instruments

Q : Operations before income taxes

Q : Effect of the proposed accounting

Q : Journal entries and supporting analysis

Q : Variable marketing costs incurred on the contract

Q : What amount expense as organizational costs

Q : Report accrued liabilities

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Effect of the proposed accounting

Reference No:- TGS052349

Recent Questions Asked Accounting Basics

Q : Account for the investment

Q : Amount to capitalize as goodwill

Q : Prevailing interest rate on debt instruments

Q : Operations before income taxes

Q : Effect of the proposed accounting

Q : Journal entries and supporting analysis

Q : Variable marketing costs incurred on the contract

Q : What amount expense as organizational costs

Q : Report accrued liabilities

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