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.
Classification of Warranty Expense. I wanted to see if folks are booking warranty expense to COGS or SG&A. It seems we might have some leeway in regards to this, however, it seems that Dell, Apple and H&P book it to COGS (Ie as they discuss it impacting margin). I lean toward COGS making the most sense, however, curious to see how others are handling.