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Liberty Limited reports its financial results in accordance with IFRS. Liberty did not accrue for warranties in 20X4; rather it recorded the warranty expense when
Liberty Limited reports its financial results in accordance with IFRS. Liberty did not accrue for warranties in 20X4; rather it recorded the warranty expense when claims were paid. Assuming that all amounts are material, what type of accounting change is this? O a. Change in accounting policy O b. Change in accounting estimate Oc. Correction of an error from prior period
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