Net income was $418,600 in 2017 and $364,000 in 2018.The year-to- year dollar change in net income is:
A)15%.
B)87%.
C)-$54,600.
D)$418,600.

Name: Net income was $418,600 in 2017 and $364,000 in 2018.The year-to- year dollar change in net income is: A)15%. B)87%. C)-$54,600. D)$418,600.
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Question

Quizplus · Accepted Answer

The year-to-year dollar change in net income is calculated by subtracting the net income of 2018 from the net income of 2017. 
$418,600 - $364,000 = $54,600 
Therefore, the answer is choice C: -$54,600.

Net Income Was $418,600 in 2017 and $364,000 in 2018