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Net income was $430,000 in 2020, $421,400 in 2021, and $450,898 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? (f amount and percentage are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, eg. 12%) (a) (b) 2020-2021 $ 2021-2022 $ Amount Percentage

Net income was $430,000 in 2020, $421,400 in 2021, and $450,898 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? (f amount and percentage are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, eg. 12%) (a) (b) 2020-2021 $ 2021-2022 $ Amount Percentage

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Net income was $430,000 in 2020, $421,400 in 2021, and $450,898 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 0 decimal places, e.g. 12%) (a) (b) 2020-2021 2021-2022 $ Amount Percentage
Transcribed Image Text:Net income was $430,000 in 2020, $421,400 in 2021, and $450,898 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 0 decimal places, e.g. 12%) (a) (b) 2020-2021 2021-2022 $ Amount Percentage
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