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Tim Mattke Company began operations in 2015 and for simplicity reasons, adopted weighted-average pricing for inventory. in 2017, in accordance with other companies in its
Tim Mattke Company began operations in 2015 and for simplicity reasons, adopted weighted-average pricing for inventory. in 2017, in accordance with other companies in its industry, Tim Mattke changed its inventory pricing to FIFO. The pretax income data is reported below. in its industry, Tim Mattka to FIFO. 1segh $370.000 390.000$95.000 410,000 430,000 what i Tim Mattes net income in 2017? Assume 35% tax rate in all years. Net Income Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing. Net affact Show comparative income statements for Tim Mattke Compamy, beginning with income before income tax, as presented on the 2017 income statement 2017 2016 2015 Income before income tax Income tax Net income Click if you would like to Show Work for t this questi Open Shom Work on
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