Net income was $418,600 in 2012 and $364,000 in 2011. The year-to-year dollar change in net income is:
A) $62,790.
B) $364,000.
C) $54,600.
D) $418,600.

Question

Quizplus · Accepted Answer

The year-to-year dollar change in net income can be calculated as the difference between the net income in 2012 and the net income in 2011, which is $418,600 - $364,000 = $54,600. Therefore, the correct answer is C.

Net Income Was $418,600 in 2012 and $364,000 in 2011