category accounting

Henry Corporation sells DVDs. The corporation also offers to sell its customers a two-year warranty contract as a separate service. During 2011, Henry sold 20,000 warranty contracts at $99 each. The corporation spent $180,000 servicing warranties during 2011, and it estimates that an additional $900,000 will be spent in the future to service the warranties. … Read moreHenry Corporation sells DVDs. The corporation also offers to sell its customers a two-year< span>< a>