For the Third Quarter of 2006, Google Inc

question 54

Essay

For the third quarter of 2006, Google Inc. reported a net income of $381.2 million, up 96% from a year earlier. What was the dollar amount of the increase in net income over the third quarter of 2005?

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Definitions:

Average Capital Investment

The mean amount of money that has been invested in the assets of a company over a specific period.

Partners' Capital Statement

A financial statement that shows the changes in the equity of partners in a partnership over a period of time.

Capital Account

A financial statement that shows the changes in ownership interest in a company over a period.

Salary Allowance

A fixed amount of money paid to employees, often as part of compensation for job-related expenses or allowances.