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What would be the effect of the change on net profit

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Problem 1: Julienne Ltd decided to change its accounting for long-service leave in order to accrue expense sooner than had been done previously. The effect on provision for employee entitlements as at the end of 2018 was to increase it by $17 500. By the end of 2019, the liability would go up by $24 000. The company's income tax rate is 30%. What would be the effect of the change on 2019 net profit?

Reference no: EM132477403

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