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Which if any of these costs should be accrued

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Reference no: EM13995139

Household Solutions manufactures kitchen storage products. During the year, the company became aware of potential costs due to 

(1) A possible product defect that is reasonably possible and can be reasonably estimated, 

(2) A safety hazard that is probable and cannot be reasonably estimated, and

(3) A new product warranty that is probable and can be reasonably estimated. 

1. Which, if any, of these costs should be accrued?

Reference no: EM13995139

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