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On December 31, Rodriguez Company estimates that it will pay its employees a 5% bonus on net income after deducting the bonus. The company reports
On
December
31,
Rodriguez
Company estimates that it will pay its employees a
5%
bonus on net income after deducting the bonus. The company reports net income of
$48,000
before the calculation of the bonus. The bonus will be paid on
January
15 of the next year.
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