Frazier Martin

09/01/2024 · High School

QUESTIONS 6: The company provides a provision for one of the following reasons? 1. There is a past obligation because of a present event. The obligation is as a result of the sale of the products with a warranty. A defective product leads to a legal obligation; 2. There is a present obligation because of a past event. The obligation is as a result of the sale of the products with a warranty. A defective product leads to a legal obligation. 3. The claims under the warranty will result in an inflow of resources embodying economic benefits in the settlement;