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Explain the accounting for each warranty type

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IF you are a CPA working for GE. You are responsible for managing the manufacturer's warranties and the point of sale, add-on-warranties that customers purchase:

Problem 1: How do you explain the accounting for each warranty type, along with the impact on the financial statements.

Problem 2: why is the reporting of each differs.

Problem 3: Include each type of warranty's redemption and expiration process and their effect on the income statement and balance sheet.

Reference no: EM132619011

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