A company will incur product repair costs in the future A company will incur product repair costs in the future if products that it sells currently under warranty are brought in for repair during the warranty period. The company will also incur bad debts expense in the future if customers who buy on credit currently are unable to pay their accounts. Are the accounting procedures for these two contingent costs (warranty expense and bad debts expense) related to or guided by the same accounting principle? Briefly explain. Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help
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