Question

"Access Apple’s 2017 10-K report, filed with the SEC on November 3, 2017, and find Note 10— Commitments and Contingencies. What amount of warranty expense did Apple record for 2017?" (Enter answers in millions of dollars.)

Answer 1

5.022 million dollars

Step-by-step explanation:

Answer 2

5.022 Million dollars

Step-by-step explanation:

According to Apple 2017 financial report and looking at the consolidated balance sheets of the company, the warranty expenses of Apple was 5.022 millions. Other than this, Apple paid $4.401 Million as warranty claims.

These statistics are used by managerial accountants to inform all the stakeholders about the company cost and projections and warranty claim is one major head in it