Warranties are not recognised as liabilities by manufacturers as the amount of any future claims is too uncertain and/or unlikely.

Name: Warranties are not recognised as liabilities by manufacturers as the amount of any future claims is too uncertain and/or unlikely.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Warranties are recognized as liabilities by manufacturers because they represent an obligation to perform under the warranty coverage, and an estimate of the future costs can be made based on past experience and other factors.

Warranties Are Not Recognised as Liabilities by Manufacturers as the Amount