Solution-Refer to the accounting change by wertz

Refer to the accounting change by wertz construction company

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1. Refer to the accounting change by Wertz Construction Company in BE22-1. Wertz has a profit-sharing plan, which pays all employees a bonus at year-end based on 1% of pre-tax income. Compute the indirect effect of Wertz's change in accounting principle that will be reported in the 2010 income statement, assuming that the profit-sharing contract explicitly requires adjustment for changes in income numbers.

Reference no: EM131118859

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Refer to the accounting change by wertz construction company : Refer to the accounting change by Wertz Construction Company in BE22-1. Wertz has a profit-sharing plan, which pays all employees a bonus at year-end based on 1% of pre-tax income.

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Refer to the accounting change by wertz construction company

Reference no: EM131118859

Reference no: EM131118859

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