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Week 7 Discussion Attachment
COLLAPSE
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Imagine that you are a CPA working for GE. You are responsible for managing the manufacturer’s warranties and the point-of-sale add-on warranties that customers purchase.
Explain the accounting for each warranty type, along with the impact on the financial statements.
Explain why the reporting of each warranty type differs.
Include each type of warranty’s redemption and expiration process and their effect on the income statement and balance sheet.
Be sure to respond to at least one of your classmates’ posts. that post will be posted shortly upon receiving it. The discussion should be 150 words or more and classmate response should be 125 words.
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