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How much did they pay out to settle customer warranty claims

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Reference no: EM132419466

Problem: A company had a beginning warranty liability balance of $5000. The company increased this liability when they recorded $3500 as an estimated expense for warranty repairs. The ending warranty liability balance was $4300.

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Question: How much did they pay out to settle customer warranty claims? Please explain your answer ASAP.

Reference no: EM132419466

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