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Net Income Was $24,000 in Year 1 and $40,000 in Year

Question 56

Multiple Choice

Net income was $24,000 in Year 1 and $40,000 in Year 2. The percentage increase or decrease in net income was:

A) (66.67%) .
B) (33.33%) .
C) 33.33%.
D) 66.67%.

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