Warranty expense would be included in the operating expense section of the income statement.

Name: Warranty expense would be included in the operating expense section of the income statement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Warranty expense is considered a part of the cost of goods sold or operating expense section of the income statement. It is a cost incurred by a company to cover the cost of repairing or replacing defective products under warranty.

Warranty Expense Would Be Included in the Operating Expense Section