A Company Reported the Following Amounts of Net Income $\begin{array}{|l|r|}\hline 2011 & \$ 18,000 \\\hline 2012 & \$ 24,000 \\\hline 2013 & \$ 26,000 \\\hline\end{array}$

question 16

Multiple Choice

A company reported the following amounts of net income:
$\begin{array}{|l|r|}\hline 2011 & \$ 18,000 \\\hline 2012 & \$ 24,000 \\\hline 2013 & \$ 26,000 \\\hline\end{array}$
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Which of the following is the percentage change in net income from 2012 to 2013?

• A) 2.00%
• B) 10.00%
• C) 8.33%
• D) 7.69%

Identify and calculate goodwill in business combinations.

Apply the equity method of accounting for investments in associates and joint ventures.

Understand the impact of treasury stock transactions on earnings per share and owners' equity.

Comprehend the classification and accounting treatment of mandatorily redeemable preferred stock under current GAAP.

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