Flynn Corporation had net income of $2,000,000 in 2009. Using 2009 as the base year, net income decreased by 70% in 2010 and increased by 175% in 2011.
Instructions
Compute the net income reported by Flynn Corporation for 2010 and 2011.

Question

Quizplus · Accepted Answer

The Answer of Flynn Corporation had net income of $2,000,000 in 2009. Using 2009 as the base year, net income decreased by 70% in 2010 and increased by 175% in 2011.
Instructions
Compute the net income reported by Flynn Corporation for 2010 and 2011.

Flynn Corporation Had Net Income of $2,000,000 in 2009