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What was the balance in the warranty liability account

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Question 1: Akers Co. had a balance of $91,000 in its quality-assurance warranty liability account as of December 31, 2020. In 2021, Akers Co.'s warranty expenditures paid were $456,000. Its warranty expense is calculated as 1% of sales. Sales in 2021 were $41.1 million. What was the balance in the warranty liability account as of December 31, 2021?

Reference no: EM132609360

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