Which of the Following Is Included in the Entry to Record

question 98

Multiple Choice

Which of the following is included in the entry to record estimated warranty payable?

• A) A credit to Estimated warranty payable
• B) A credit to Inventory
• C) A credit to Warranty expense
• D) A debit to Estimated warranty payable

---

Definitions:

Available-For-Sale Securities

Debt or equity securities not classified as held-to-maturity or trading securities, and are purchased with the intention of selling before they mature.

Controlling Influence

The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities, often through ownership or agreement.

Equity Securities

Equity Securities are financial instruments that represent ownership interest in a company, such as stocks, entitling the holder to a share of the entity's profits and assets.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns.