Which Statement About Warranties Is Correct

question 68

Multiple Choice

Which statement about warranties is correct?

• A)Warranties sold separately are accounted for under IAS37.
• B)Warranties sold separately are accounted for under IAS18.
• C)Warranties are financial liabilities and accounted for at fair value.
• D)Expected value uses a weighted average of possible outcomes.

---

Definitions:

Advantages and Disadvantages

Evaluations of the positive and negative aspects of a particular strategy, decision, or action.

Segment Specialization

A marketing strategy where a company focuses its efforts on a specific segment of the market, catering to its unique needs and preferences.

Sugar-Free Diet

A nutritional approach that excludes or significantly reduces the consumption of added sugars to improve health outcomes and potentially manage conditions like diabetes.

Diabetics

Individuals who have diabetes, a chronic health condition that affects how the body processes blood sugar (glucose).