Determine additional bonus based on the change in income, Financial Accounting

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Determine additional bonus based on the change in income

Response to the following problem:

Suppose that Blake Company's total pre-tax difference from a change to FIFO was $100,000 and the company pays a bonus of 5% of its income before income taxes and bonus to employees. If Blake Company pays an additional bonus based on the change in income, would it recognize any expense? If so, when and how much?

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Financial Accounting: Determine additional bonus based on the change in income

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Financial Accounting: Determine additional bonus based on the change in income

Reference No:- TGS02105874

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