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Business, 06.11.2019 04:31 chloe4740

At the beginning of 2021, angel corporation began offering a 1-year warranty on its products. the warranty program was expected to cost angel 3% of net sales. net sales made under warranty in 2021 were $230 million. five percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.5 million. the amount of warranty expense in angel's 2021 income statement is:

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