Question
At the end of a year, a company's net income increased 30%. At the end of the second year, the income decreased 25% from the
At the end of a year, a company's net income increased 30%. At the end of the second year, the income decreased 25% from the previous year. What was the percentage change for the two years?
A. (2.5%) decrease
B. 2.5% increase
C. (5.0%) decrease
D. 5.0% increase
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Fundamentals Of Cost Accounting
Authors: William Lanen
7th Edition
1264100841, 9781264100842
