Question: 27. According to ASC Topic 250, Accounting Changes and Error Corrections, a change in the liability for warranty costs requires a. Presenting prior period financial

27. According to ASC Topic 250, Accounting Changes and Error Corrections, a change in the liability for warranty costs requires

a. Presenting prior period financial statements as previously reported.

b. Presenting the effect of pro forma data on income and earnings per share for all prior periods presented.

c. Restating the financial statements of all prior periods presented.

d. Reporting current and future financial statements on the new basis.

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