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    Financial Accounting Study Set 1
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    Exam 13: Measuring and Evaluating Financial Performance
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    Net Income Was $753,480 in the Current Year and $655,200
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Net Income Was $753,480 in the Current Year and $655,200

Question 106

Question 106

Multiple Choice

Net income was $753,480 in the current year and $655,200 in the prior year.The year-to-year percentage change in net income is an increase of:


A) 15%.
B) 55%.
C) 87%.
D) 13%.

Correct Answer:

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