In Which of the Following Periods Should the Expense for Warranty

question 56

Multiple Choice

In which of the following periods should the expense for warranty costs be recorded?

• A) The period when the product is sold
• B) The period when the product is repaired or replaced
• C) The period when cash is paid to repair or replace the product
• D) The period when cash is collected for the sale of the product

---

Definitions:

Apprenticeship

A system of training a new generation of practitioners of a skill under the guidance of an expert through hands-on practice and learning.

Puberty

Process by which a person attains sexual maturity and the ability to reproduce.

Developmental Period

A span of time during which individuals undergo biological, psychological, and cognitive changes as they grow and mature.

Middle Childhood

A developmental phase from about 6 to 12 years of age, marked by significant growth in cognitive, emotional, and social skills.