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.
Accrual basis or warranty expense method measurement is the cornerstone of income measurement. In this method of accounting â. Ã¼ Revenues are recorded in the period when they are earned and become measurable. Ã¼ Revenues are earned when the seller has performed a service or conveyed an asset to a buyer.