Companies usually prepare an adjusting journal entry to, Ask an Expert

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Companies usually prepare an adjusting journal entry to accrue warranty expenses. When this is done the warranty expense is recorded in advance, often well in advance, of any warranty services and costs that will be provided. From an accounting theory perspective, why do you think that warranty expenses are accrued in this manner?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92016335

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