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A Company Reported the Following Amounts of Net Income

question 145

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A company reported the following amounts of net income: A company reported the following amounts of net income:   Which of the following is the percentage change from Year 2 to Year 3? A) 20.67% B) 48.46% C) 19.67% D) 23.03% Which of the following is the percentage change from Year 2 to Year 3?


Definitions:

Accounting

The information system that identifies, records, and communicates the economic events of an organization to interested users.

Revenue Account

An account that tracks the income generated from normal business operations, such as sales of goods or services.

Credited

A bookkeeping record that augments liabilities or equity, or diminishes an asset or expense.

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