-In the Above Figure, If the Price Is $8 Then

question 210

Multiple Choice

-In the above figure, if the price is $8 then there is a

• A) surplus of 100.
• B) surplus of 200.
• C) shortage of 100.
• D) shortage of 200.

---

Definitions:

Journal Entries

The recordings of transactions in the accounting journals, which form the basis for all financial reporting and analysis.

Deferred Revenues

Deferred revenues represent income received by a company for goods or services yet to be delivered or performed, also known as unearned revenue.

Financial Position

This term describes the status of a person's or entity's financial health, determined by their assets, liabilities, and equity.

Assets

Assets held by a business that possess monetary worth and can be transformed into liquid cash.