QUESTION 4 Till 2019, company provision for warranty claims was 10% of the total sales....
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QUESTION 4 Till 2019, company provision for warranty claims was 10% of the total sales. However company estimates that in 2020, that warranty claims will be only around 7% of sales due to advanced technology in manufacturing. The transaction can be treated as: Change in policy reported retrospectively. Change in policy reported prospectively. Change in estimate C D. Error correction
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