Net income was $500,000 in 2006; $400,000 in 2007; and $508,000 in 2008. What is the percentage

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Net income was $500,000 in 2006; $400,000 in 2007; and $508,000 in 2008. What is the percentage of change from?

(a) 2006 to 2007

(b) 2007 to 2008

Is the change an increase or a decrease?


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Hospitality Financial Accounting

ISBN: 978-0470083604

2nd Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.

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