What were the warranty expenditures


Panther co. had a warranty liability of $350,000 at the beginning of 2011, and $310,000 at the end of 2011. Warranty expense is based on 4% of sales, which were $50 million for the year. What were the warranty expenditures for 2011?

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Accounting Basics: What were the warranty expenditures
Reference No:- TGS070614

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