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Exhibit 3-4
-In Exhibit 3-4, which of the following is the most likely reason for the shift of the demand curve from D1 to D2?
Loss Accounts
Accounts used to record the loss in value of assets or to represent expenses that reduce net income.
Revenue Recognition
The accounting principle that determines the specific conditions under which revenue is recognized or accounted for.
Inventory Purchased
Goods bought by a company for the purpose of resale in the ordinary course of business.
Wages Owed
Represents the total amount of wages that a company owes to its employees for work performed but not yet paid.
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