Question:At December 31, Hanes Company prepares an adjusting entry for a product warranty contract. Which of the following accounts is/are included in the entry? 

A Miscellaneous Expense. 
B Estimated warranty Liability. 
C Repair Parts/Wages Payable. 
D Both (a) and (b) 

+ Answer
B 

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Md. Saydul Alam

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