Hi expert please give me answer general accounting question Horizon Technologies reported a net income of $780,000 in 2023. Ifthe company experienced a 15.3% increase in net income for 2024,what is its net income for 2024?a. $895,140b. $899,340c. $897,420d. $898,740

Step 1: Identify the necessary information from the problem.2023 net income = $780,0002024 increase…

Answered: Horizon Technologies reported a net…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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Horizon Technologies reported a net income of $780,000 in 2023. If the company experienced a 15.3% increase in net income for 2024, what is its net income for 2024? a. $895,140 b. $899,340 c. $897,420 d. $898,740