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Flynn Corporation Had Net Income of $6,000,000 in 2012

question 103

Essay

Flynn Corporation had net income of $6,000,000 in 2012. Using 2012 as the base year, net income decreased by 70% in 2013 and increased by 140% in 2014.
Instructions
Compute the net income reported by Flynn Corporation for 2013 and 2014.


Definitions:

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