Goelzer Company reports the following trend percentages for net income: Year Trend Percentage 2015 100% 2016 136% 2017 167% 2018 102% 2019 79%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Goelzer Company reports the following trend percentages for net income:
Year
Trend Percentage
2015
100%
2016
136%
2017
167%
2018
102%
2019
79%
Given the above data, which statement is FALSE assuming 2015 is the base year?
O A. Net income is lower in 2019 than in 2015.
B. Net income is higher in 2019 than in 2015.
OC. When compared to 2017, net income is falling in 2018.
O D. Net income is increasing in 2016 and 2017.
Transcribed Image Text:Goelzer Company reports the following trend percentages for net income: Year Trend Percentage 2015 100% 2016 136% 2017 167% 2018 102% 2019 79% Given the above data, which statement is FALSE assuming 2015 is the base year? O A. Net income is lower in 2019 than in 2015. B. Net income is higher in 2019 than in 2015. OC. When compared to 2017, net income is falling in 2018. O D. Net income is increasing in 2016 and 2017.
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