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.
warranty period beyond one year. A warranty period can be extended for an annual fee, but sureties gener-ally do not go beyond a total of two or three years. The annual fee for a maintenance bond is a fraction of the cost of a performance bond. (continued on page 2)