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.

Describe the accounting treatment for an assurance-type warranty and for a service-type warranty.

For each class of provision, AASB 137 Provisions, Contingent Liabilities and... For each class of provision, AASB 137 Provisions, Contingent Liabilities and Contingent Assets requires an entity to disclose the following information: I. Comparative information; II. Unused amounts reversed during the period; III. Additional provisions made during the period; IV. The carrying amount at the beginning and end of the period; V. A brief description of the nature of the obligation and the expected timing. O a. II, III and IV only. O b. I, II, and III only. OC I, III, IV and V only. O d. II, III, IV and V only.

The expense for warranty costs is recorded in the period​ ________.