Albert Corp

question 109

Multiple Choice

Albert Corp. introduced a new machine on January 1, 2016. The machine carried a two-year assurance-type warranty against defects. The estimated warranty costs related to dollar sales were 3% in the year of sale and 5% in the year after sale. Additional information follows: Actual Warranty If the company uses the GAAP approach of accruing warranty expense and the related liability) in the year of the sale, what amount relating to warranty expense should be reflected on the December 31, 2017 income statement?

• A) $2,200
• B) $4,800
• C) $5,200
• D) $7,400

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Definitions:

Stereotypical Role Expectations

Preset notions about how individuals should behave based on their social roles or group memberships.

Organizational Structure

Refers to the way in which a company or organization is arranged, including its hierarchies, communication systems, and distribution of responsibilities.

Conformity To Gender Roles

The extent to which individuals adhere to the culturally defined expectations and behaviors associated with their gender.

Intimacy

The close familiarity or friendship that fosters a deep emotional connection between people.