7. warranty costs: ______
举一反三
- David has $5 but this pen is $2 more than that. A: The pen costs $2. B: The pen costs $5. C: The pen costs $3. D: The pen costs $7.
- A company sold $12,000 worth of trampolines with an extended warranty. It estimates that 2% of these sales will result in warranty work. The company should: A: Consider the warranty expense a remote liability since the rate is only 2%. B: Recognize warranty expense at the time the warranty work is performed. C: Recognize warranty expense and liability in the year of the sale. D: Consider the warranty expense a contingent liability. E: Recognize warranty liability when the company purchases the trampolines.
- warranty
- This warranty does not become void under any circumstance during the warranty period.
- Amy is thinking about going to the movies tonight. A ticket costs $7 and she will have to cancel her dog-sitting job that pays $30. The cost of seeing the movie is ( ). A: $7. B: $30. C: $37. D: $37 minus the benefit of seeing the movie.