Week 7 Disusssion 304

You are a CPA alive for GE. You are amenable for managing the manufacturer’s warranties and the point of sale, add-on-warranties that barter purchase: Explain the accounting for anniversary assurance type, forth with the appulse on the banking statements. Explain why the advertisement of anniversary differs. Include anniversary blazon of warranty's accretion and cessation action and their aftereffect on the assets account and antithesis sheet. Differentiate amid a determinable accepted accountability and a accidental liability. Please call the altitude that should be present for recording a accidental liability. 

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