Net income was $500,000 in 2023, $485,000 in 2024, and $518,400 in 2025. What is the percentage of change (a) from 2023 to 2024, and (b) from 2024 to 2025? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) (a) (b) 2023-2024 2024-2025 $ $ Amount Percent % % + +

Net income was $500,000 in 2023, $485,000 in 2024, and $518,400 in 2025. What is the percentage of change (a) from 2023 to 2024, and (b) from 2024 to 2025? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) (a) (b) 2023-2024 2024-2025 $ $ Amount Percent % % + +

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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