Lonsdale Ltd Sells Mobile Phones and Provides a One-Year Warranty

Lonsdale Ltd sells mobile phones and provides a one-year warranty.Lonsdale is able to recognise revenue at point-of-sale in accordance with AASB 118 because:

A) this is industry practice;
B) repairs are unlikely within a year of sale;
C) cost of repairs can be estimated based on experience and this is recognised as warranty expense in the year of sale;
D) cost of repairs can be estimated based on experience and this is recognised as sales returns;
E) E: None of the given answers.