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Research Company sells merchandise with a one year warranty. In 2009, sales consisted of 2,500 units. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2009 and 70% in 2010. In the 2009 income statement, what Searches should show warranty expense of ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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