Why is the liability for warranties recognized

Assignment Help Accounting Basics
Reference no: EM13505394

Why is the liability for warranties recognized when products are sold rather than when the warranty services are performed?

Reference no: EM13505394

Questions Cloud

Determine the amount of each payment : You purchased an XIT auto for $18,000 by making a $3,000 cash payment and six semi annual installment payments for the balance at 12 percent interest. Determine the amount of each payment.
Calculate the height of the balcony : You throw a ball straight down from an apartment balcony to the ground below. The ball has an initial velocity of 4.95 m/s, Find the height of the balcony
Briefly explain what jordan would need to do : List the changes in your final sensitivity analysis, and explain why you chose this set of changes and briefly explain what Jordan would need to do to implement each of these changes.
Compute the number of coulombs passed through the solution : A solution containing copper(I), nickel, and zinc cyanide complexes was electrolyzed, and a deposit of .175 grams was obtained. The deposit contained 72.8 % Cu,4.30%Ni, and 22.9 % Zn. No other element or compund was released.
Why is the liability for warranties recognized : Why is the liability for warranties recognized when products are sold rather than when the warranty services are performed?
How far does the paratrooper fall during this time interval : A paratrooper is initially falling downward at a speed of 33.0 m/s before her parachute opens. How far does the paratrooper fall during this time interval
Why does a company issue a bond with detachable warrants : Why does a company issue a bond with detachable warrants (rights)? At what value is each of these securities recorded at the time of the bond issuance?
Describe the stopcock between the flasks is opened : When a 5.00 L flask containing 1.35 atm of gas A is joined with a 2.00 L flask containing 1.00 atm of gas B, and the stopcock between the flasks is opened, and the gases are allowed to mix thoroughly at constant temperature
Find the depth of the crevasse : A boy exploring a cave drops a rock into a dark crevasse. He hears the rock strike the bottom 10.1 s after dropping it. Find the depth of the crevasse

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd