53. Which type of warranty is/are accounted for as a separate performance obligation: 1- A normal warranty that the customer can purchase the warranty separately, 2- A normal warranty that provides a service in addition to assurance that the product complies with specifications, 3- A normal warranty that provides assurance that the product complies with specifications Select one: а. b. 2 C. 1 d. 1 and 3 е. 1 and 2 3.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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53. Which type of warranty is/are accounted for
as a separate performance obligation:
1- A normal warranty that the customer can
purchase the warranty separately,
2- A normal warranty that provides a service in
addition to assurance that the product complies
with specifications,
3- A normal warranty that provides assurance
that the product complies with specifications
Select one:
а.
b.
2
C.
1
d.
1 and 3
е.
1 and 2
Transcribed Image Text:53. Which type of warranty is/are accounted for as a separate performance obligation: 1- A normal warranty that the customer can purchase the warranty separately, 2- A normal warranty that provides a service in addition to assurance that the product complies with specifications, 3- A normal warranty that provides assurance that the product complies with specifications Select one: а. b. 2 C. 1 d. 1 and 3 е. 1 and 2
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