Business, 12.09.2019 19:10 blackjack73

During 2020, bramble company changed from fifo to weighted-average inventory pricing. pretax income in 2019 and 2018 (bramble’s first year of operations) under fifo was $175,550 and $183,900, respectively. pretax income using weighted-average pricing in the prior years would have been $147,000 in 2019 and $175,200 in 2018. in 2020, bramble reported pretax income (using weighted-average pricing) of $201,100. show comparative income statements for bramble, beginning with "income before income tax," as presented on the 2020 income statement. (the tax rate in all years is 30%.)

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During 2020, bramble company changed from fifo to weighted-average inventory pricing. pretax income...

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