Use the Figure to Answer the Following Question(s)

question 86

Multiple Choice

Use the figure to answer the following question(s) .
Figure 12-2
-The demand D₁ and short-run supply S_SR of accountants is indicated in Figure 12-2. Which of the following would most likely shift the demand for accountants from D₁ to D₂?

• A) an increase in the number of accounting majors in college
• B) enacting legislation that increases the complexity of personal and business tax returns
• C) high wages for accountants
• D) a reduction in the wages of bookkeepers, a substitute resource for accountants

---

Definitions:

Accounting Systems

A structured process of collecting, recording, summarizing, and reporting financial transactions for a business or organization.

Common Shares

Equity securities representing ownership interests in a corporation, entitling holders to dividends and certain rights under corporate governance.

Dividends Declared

The announcement by a company's board of directors that a dividend will be paid to the shareholders, which establishes a liability for the company.

Services Performed

Refers to completed or rendered services that a company has provided to its customers, typically leading to service revenue.