Question
Brief Exercise 22-3 Shannon, Inc., changed from the LIFO cost flow assumption to the FIFO cost flow assumption in 2014. The increase in the prior
Brief Exercise 22-3
Shannon, Inc., changed from the LIFO cost flow assumption to the FIFO cost flow assumption in 2014. The increase in the prior year's income before taxes is $1,293,100. The tax rate is 44%. Prepare Shannons 2014 journal entry to record the change in accounting principle.
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Clinical Audit In Physiotherapy From Theory Into Practice
Authors: Sue Barnard MSc MCSP, Gayle Hartigan
1st Edition
075063779X, 978-0750637794
