Since ancient times, stringed instruments, known as chordophones, have developed to all shapes and sizes. These instruments make sounds by vibrating strings. The strings may be played with a bow, plucked with fingers, or struck with hammers. Nearly all chordophones are made up of strings stretched across a resonator.
Warranty expense. Warranty expense is an example of a situation when taxes payable are greater than income tax expense because on the income statement statment estimated warranty expense is deductible and on the tax return only actual warranty expenses are deductible. Iâm trying to understand that through an example.
View Full Document. increase in income for this year and still be in a position to cover its warranty costs in future years. Instructions What is earnings management? Assume income before warranty expense is $43,000 for both 2017 and 2018 and that total warranty expense over the 2-year period is $10,000.