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QUESTION 38 The manager of Stone Company is given a bonus based on net income before income taxes. Net income, before taxes, is $20,000 for

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QUESTION 38 The manager of Stone Company is given a bonus based on net income before income taxes. Net income, before taxes, is $20,000 for FIFO and $14,000 for LIFO. The tax rate is 32%. The bonus rate is 17%. Calculate the additional bonus that the manager will receive if FIFO is adopted instead of LIFO. How much hiaher is the manager's bonus if FIFO is adopted instead of LIFO? QUESTION 39 A check correctly written and paid by the bank for $705 is incorrectly recorded on the company's books for $766 Calculate the amount that would be needed to correct the compamy's books. (Please input a positive number if the amount is an increase and a necative number if it is a decrease)

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