Figure 9-2 ​

question 186

Multiple Choice

Figure 9-2 ​
-Refer to Figure 9-2. Total surplus with trade exceeds total surplus without trade by

• A)$1,920.
• B)$3,840.
• C)$23,280.
• D)$7,680.

---

Definitions:

Unearned Fees

Income received by a business for services that have not yet been performed or delivered.

Fees Earned

Revenue generated from providing services to clients or customers.

Fees Payable

Liabilities owed for services rendered by a third party, such as professional consulting or management services, that have not yet been paid.

Balance Sheet

A financial statement showing a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.