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TenKay

08/01/19 10:17 PM

#109148 RE: Orion1972 #109143

Warranty liabilities are booked as a separate item on a balance sheet. Revenue is recognized in most cases when the product has been delivered and paid for...which is done on the income statement.

Accounting 101.
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Bosox8

08/01/19 10:28 PM

#109149 RE: Orion1972 #109143

Agree