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Find how much warranty expense did dechow inc recognize

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Problem 1: Dechow Inc. has warranty payable balance of $76,000 and $57,000 as of fiscal year end of 2010 and 2011 respectively. During 2010 and 2011, the company paid $69,000 and $48,000 to settle its warranty obligations. How much warranty expense did Dechow Inc. recognize in 2011?

A) $48,000
B) $67,000
C) $29,000
D) Cannot determine

Reference no: EM132754334

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