Net income was $520,000 in 2020, $442,000 in 2021, and $517,140 in 2022. What is the...
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Net income was $520,000 in 2020, $442,000 in 2021, and $517,140 in 2022. What is the percentage of change (a) from 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45). Round percentages to 1 decimal place, eg. 12.3%.) Increase or (Decrease) Amount Percentage (a) 2020-2021 (b) 2021-2022 Net income was $520,000 in 2020, $442,000 in 2021, and $517,140 in 2022. What is the percentage of change (a) from 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45). Round percentages to 1 decimal place, eg. 12.3%.) Increase or (Decrease) Amount Percentage (a) 2020-2021 (b) 2021-2022
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Solution Given Net income 520000 in 2020 442000 in 2021 517140 ... View the full answer
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Posted Date:
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