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What is the remaining account for the provision of warranty

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Question 1: Electronics4U, an electronics manufacturer that sells its products for a one year warranty. Estimated cost of warranty per product unit is RM200. The remaining balance of the allocation of the warranty is RM6.5 million. During the year, the company sold 50,000 units of products worth RM243 million and paid a warranty cost of RM7.5 million. What is the remaining account for the provision of warranty at the end of the current year?

Reference no: EM132546208

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