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The table below shows hypothetical data for volumes of e-books and hardcover books sold over a 3-year period in a particular city.
TABLE 2-3
-Refer to Table 2-3.Between Year 1 and Year 3,what is the percentage change in sales of e-books?
Liabilities
Liabilities or amounts due by a corporation to third parties or people outside the organization.
Accrued Expense
An accounting term referring to expenses that have been incurred but not yet paid, representing liabilities on a company's balance sheet.
Income Taxes
Taxes levied by the government on income generated by businesses and individuals within their jurisdiction.
Accounting Period
A specific period of time used for financial reporting, typically a year or quarter, during which a company's financial performance is calculated.
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