What effect does intraperiod tax allocation have on reported net income?
Chapter 4 Reporting and analyzing Merchandising Operations Merchandise-‐ consists of products (goods) that a company obtains and then resells to customers. Merchandiser-‐ person who buys and sells merchandise Wholesaler-‐ intermediary that buys products from manufactures or other wholesalers and sells them to retailers or other wholesalers. Retailer-‐ intermediary that buys products from manufacturers or other wholesalers and sells them to consumers. Reporting income for a merchandiser