Brief Exercise 13-06 X Your answer is incorrect. Try again. Net income was $517,500 in...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Brief Exercise 13-06 X Your answer is incorrect. Try again. Net income was $517,500 in 2020, $477,500 in 2021, and $532,500 in 2022. What is the percentage of change from (a) 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to o decimal places, e.g. 12%.) Amount Percentage (a) 2020-2021 Decrease (b) 2021-2022 Increase
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
