The Table Below Shows Hypothetical Data for Volumes of E-Books

question 110

Multiple Choice

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 hardcover books?

• A)0.569%
• B)56.9%
• C)-56.9%
• D)-0.569%
• E)-569%

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Definitions:

IFRS

Stands for International Financial Reporting Standards, which are a set of accounting rules used by companies to maintain their financial statements globally, fostering transparency and comparability.

Direct Method

A cash flow statement preparation approach that separately lists major classes of gross cash receipts and payments.

Indirect Method

A method used in cash flow statements to adjust net income for changes in non-cash accounts to compute net cash from operating activities.

Prepaid Rent Expense

An advance payment for rent that is recorded as an asset until the period to which it relates passes.