Homework Answers
| Answer: | |||
| Year 3 | Year 2 | Year 1 | |
| Net Income | $ 168,000 | $ 254,000 | $ 138,000 |
| Add/ Less: Adjustments |
($ 44,000) ( $ 17,000 (-) $ 61,000 ) |
$ 84,000 ( $ 23,000 + $ 61,000) |
($ 23,000) |
| Adjusted Net Income | $ 124,000 | $ 338,000 | $ 115,000 |
| Option (B) is Correct |
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