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    Financial Accounting Reporting Analysis
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    Exam 12: Financial Statement Analysis and Decision Making
  5. Question
    Button Ltd Reported Profit of $4,000,000 in 2019
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Button Ltd Reported Profit of $4,000,000 in 2019

Question 14

Question 14

Short Answer

Button Ltd reported profit of $4,000,000 in 2019. Using 2019 as the base year, profit decreased by 70% in 2020 and increased by 180% in 2021.
Compute the profit reported by Button Ltd for 2020 and 2021.

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