Net income was $501.500 in 2020, $491,000 in 2021, and $523.500 in 2022. What is the percentage of change from (a) 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, es. -55.000, -20% or (55,000), (20%). Round percentages to 0 decimal places, es. 12%.) Amount Percentage (a) 2020-2021 -10,500 Decrease: -4 (b) 2021-2022 %24 32.500 11 Increase :

Net income was $501.500 in 2020, $491,000 in 2021, and $523.500 in 2022. What is the percentage of change from (a) 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, es. -55.000, -20% or (55,000), (20%). Round percentages to 0 decimal places, es. 12%.) Amount Percentage (a) 2020-2021 -10,500 Decrease: -4 (b) 2021-2022 %24 32.500 11 Increase :

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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