Net income was $500,000 in 2016, $430,000 in 2017, and $525,000 in 2018. What is the percentage
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Question:
Net income was $500,000 in 2016, $430,000 in 2017, and $525,000 in 2018. What is the percentage of change from (a) 2016 to 2017 and (b) 2017 to 2018?
Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Amount Percentage (a) 2016–2017 $ % (b) 2017–2018 $ %
Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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