-The Above Figure Shows the Market for Laptops

question 48

Multiple Choice

-The above figure shows the market for laptops.Which of the following causes a movement from A to B?

• A) a decrease in the number of laptop manufactures and sellers
• B) an increase in the productivity of the workers manufacturing laptops
• C) an increase in the cost of hard drives
• D) an increase in the price of laptops
• E) a decrease in the price of laptops

---

Definitions:

Mandatory Adoption

A requirement for companies to follow specific new accounting standards or regulations by a specified date.

FASB Statement

Official pronouncements by the Financial Accounting Standards Board that outline accounting standards and principles.

Retrospective Adjustment

A change made to the accounting records to correct an error or to apply a different accounting policy as if it had always been applied.

Net Impact

The overall effect of transactions or events on the financial position of a company, often considered in decision-making and reports.