Wright Company sells merchandise with a one-year warranty. This year, sales consisted of 2,000 units. It isestimated that warranty repairs will average $15 per unit sold, and 30% of the repairs will be made this year and70% next year. In this year's income statement, Wright should show warranty expense of
a. $9,000.
b. $21,000.
c. $30,000.
d. $0.
c
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)