N false false false en-us x-none x-none


Ronblue expects the employees’ income tax rates to increase in 2016. The employees use the cash method. The company pays on the last day of each month. The company is considering changing its policy so that the December salaries will be paid on the first day of the following year. Assuming Ronblue changes their policy, when does the employee recognize the December salary, in 2015 or 2016?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: N false false false en-us x-none x-none
Reference No:- TGS01147404

Expected delivery within 24 Hours