Net Income Was $24,000 in Year 1 and $40,000 in Year

question 56

Multiple Choice

Net income was $24,000 in Year 1 and $40,000 in Year 2. The percentage increase or decrease in net income was:

• A) (66.67%).
• B) (33.33%).
• C) 33.33%.
• D) 66.67%.

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Definitions:

Below

A term used to indicate a lower level or position, or being beneath something else.

Sub-

A prefix meaning below, under, or beneath, often used to form nouns, adjectives, or verbs.

Toward

In the direction of; closer to a particular point or in consideration of.

Edema

Swelling caused by excess fluid trapped in the body's tissues, often seen in the feet, ankles, and legs.