Why are warranty repair costs estimated and recorded in the, Accounting Basics

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Why are warranty repair costs estimated and recorded in the

Question: 1. Why are sales taxes considered liabilities?

2. Why is unearned revenue considered a liability?

3. Why are warranty repair costs estimated and recorded in the period of sale rather than simply recorded when they are provided for customers?

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Accounting Basics: Why are warranty repair costs estimated and recorded in the

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Accounting Basics: Why are warranty repair costs estimated and recorded in the

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