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for Case (C) Above, What Is the Amount Transferred

question 134

Multiple Choice

$\begin{array}{lrrrr}&\text { Case (A) }&\text { Case (B) }&\text { Case (C) }\\\text { Beginning Balance (BB) } & ? & \$ 23,000 & \$ 7,900 \\\text { Ending Balance (EB) } & \$ & 67,000 & 19,200 & 8,300 \\\text { Transferred In (TI) } & 149,60 0& 97,70 0 & \\\text { Transferred Out (TO) } & 164,600 & ? & ?\end{array}$

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For Case (C) above, what is the amount Transferred In (TI) ?

• A) $12,800.
• B) $20,700.
• C) $21,500.
• D) $29,400.

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Definitions:

TC

Total Costs, the sum of all costs incurred in the production of goods or services.

TR

Total Revenue; the total receipts from sales of goods or services provided by a company before any deductions are made.

TVC

Total Variable Cost; the total of all costs that vary with the level of output produced by a company.

Economic Loss

A monetary reduction in income, net worth, or value of assets beyond normal expectations, often as a result of business activities or economic policies.