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Warranty Expense
The estimated cost of honoring product warranties, which companies recognize to match expenses with related revenues.
Estimated Warranty Costs
Projected expenses that a company expects to incur to repair or replace products during a warranty period.
Estimated Liability
A financial obligation that is expected to occur but has not been finalized in amount or timing.
Warranty Expenses
Costs that a company anticipates for repairing or replacing defective products sold to customers under warranty.
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