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A warranty provided when a customer exercises an option to purchase a warranty is recorded as
Transactions
The economic events of a business that are recorded by accountants.
Revenues and Expenses
Financial metrics reflecting the income earned from normal business operations and the costs incurred to generate that income, respectively.
Operating Activities
Business actions directly related to the production and delivery of goods and services, generating the company’s primary revenue.
Statement of Cash Flows
A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its operational, investing, and financing activities.
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