Net Income Was $753,480 in the Current Year and $655,200

question 106

Multiple Choice

Net income was $753,480 in the current year and $655,200 in the prior year.The year-to-year percentage change in net income is an increase of:

• A)15%.
• B)55%.
• C)87%.
• D)13%.

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Definitions:

Physician

A medical professional who is trained to diagnose and treat illnesses, diseases, and injuries.

Denial

A defense mechanism wherein a person refuses to accept reality or facts, thereby avoiding dealing with painful feelings or events.

Anger

An emotional state ranging from mild irritation to intense fury and rage, often triggered by perceived wrongdoing or injustice.

Bargaining

A negotiation process between two or more parties aimed at reaching a mutually beneficial agreement or outcome.