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Ace Appliances Sells Dishwashers with a 3-Year Warranty

Question 29

Multiple Choice

Ace Appliances sells dishwashers with a 3-year warranty.In 2013,there are $90,000 of sales revenues for dishwashers.The company estimates warranty expense at 3% of revenues.What is the 2013 warranty expense?


A) $2,700
B) $800
C) $0
D) $3,000

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