Refer to the Following Figure to Answer the Following Questions

question 69

Multiple Choice

Refer to the following figure to answer the following questions.

-According to the accompanying figure,if the price is $10,there is a ________ of ________ units.

• A) shortage; 15
• B) surplus; 15
• C) shortage; 30
• D) surplus; 30
• E) surplus; 22

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Definitions:

Miscellaneous Expense

Minor or incidental expenses that do not fit into other specific categories within an organization's financial accounting.

Adjusted Trial Balance

A list of all accounts and their adjusted balances after journal errors have been corrected and adjustment entries made, used to prepare financial statements.

Period

A length of time in financial reporting, often referring to a fiscal quarter or year.