Net income was $500,000 in 2020, $485,000 in 2021, and $518,400 in 2022. What is the percentage

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Net income was $500,000 in 2020, $485,000 in 2021, and $518,400 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?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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