68.
A company sells a product with a three-year warranty included in the price. According to IFRS, which of the following is the most appropriate accounting treatment for the warranty? A. Fully recognizing the revenue and estimated warranty expense at the time of the sale and updating the expense as indicated by experience over the life of the warranty. B. Fully recognizing the revenue at the time of the sale but waiting until the actual warranty costs are incurred to recognize the expense. C. Deferring all of the revenue and recognizing it over the life of the warranty period.
