Use the Following to Answer Questions

question 40

Multiple Choice

Use the following to answer questions:
Figure: Marginal Benefits and Marginal Costs
-(Figure: Marginal Benefits and Marginal Costs) Look at the figure Marginal Benefits and Marginal Costs. More time spent studying economics adds points to economics scores but (MB) subtracts points from accounting scores (MC) . When Claudia studies economics for four hours, the marginal benefit is _____ points; when she studies for six hours, the marginal benefit is _____ points.

• A) 20; 10
• B) 30; 10
• C) 20; 0
• D) 20; 30

---

Definitions:

Reference Column

A column in accounting journals where cross-references to ledger account numbers or other relevant documentation are noted.

T-Account

A T-account is a graphic representation of a general ledger account, used for teaching, analysis, and visualization, showing debits on one side and credits on the other.

General Ledger

A comprehensive set of accounts that records all transactions of a business, including assets, liabilities, equity, revenue, and expenses.

Chart of Accounts

A systematic listing of all ledger account titles and numbers used by a company to classify financial transactions.