You have started working for a company that manufactures lawn mowers.These mowers carry a warranty that will replace defective parts for one year.The corporate president feels that an expense should be recorded when the defective parts are replaced.Explain the proper accounting treatment to the corporate president.

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The Answer of You have started working for a company that manufactures lawn mowers.These mowers carry a warranty that will replace defective parts for one year.The corporate president feels that an expense should be recorded when the defective parts are replaced.Explain the proper accounting treatment to the corporate president.

You Have Started Working for a Company That Manufactures Lawn