A Company Reported the Following Amounts of Net Income

question 194

Multiple Choice

A company reported the following amounts of net income: Which of the following is the percentage change from Year 2 to Year 3?

• A)85.71%
• B)44.23%
• C)167.86%
• D)185.71%

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Definitions:

Unsecured Debts

Debts that are not backed by an underlying asset, meaning lenders have no collateral to claim in case of default.

Maturities

The set dates when the principal amount of a debt instrument, such as a bond or loan, is to be paid back to the lender.

Unfunded Liabilities

Future retirement benefits and other obligations not covered by assets or financial reserves, often discussed in the context of pension plans.

Notes

Short-term or medium-term debt obligations issued by companies or governments.