Which Statement About Warranties Is Correct

question 2

Multiple Choice

Which statement about warranties is correct?

• A)Warranties are provisions.
• B)Warranties included with the product sold are accounted for under IFSR15.
• C)Warranties are financial liabilities.
• D)Warranties included with the product sold are accounted for under IAS39.

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Definitions:

Prototypical Characteristics

describe the attributes that are most representative or characteristic of a particular category or class, especially in defining group membership.

Female Leaders

Women who hold positions of authority and responsibility in guiding, directing, or managing others.

Leadership Categorization Theory

A theory that suggests people evaluate leaders based on how closely their behaviors and traits match prototypes of leadership.

Perceived Characteristics

Attributes or qualities that are believed or seen to exist in something or someone.