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Use the information below to answer the following questions:
Freda 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 2011 was to increase it by $14 000. By the end of 2009, the liability would go up by $21 000. The company’s income tax rate is 35%.
-What would be the effect of the change on 2011 net profit?
Social Style
Refers to an individual's characteristic way of interaction, including communication, behavior, and emotional expression, in social settings.
360-degree Feedback
A performance appraisal method where an employee is rated on their performance by people who know them and their work, including supervisors, peers, and subordinates.
Performance Appraisals
The process by which a manager or consultant evaluates and provides feedback on an employee's work performance.
Task Leadership
Goal-oriented leadership that sets standards, organizes work, and focuses attention on goals.
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