Figure 7-18 -Refer to Figure 7-18.If Total Surplus Is $240 and Consumer

question 3

Multiple Choice

Figure 7-18
-Refer to Figure 7-18.If total surplus is $240 and consumer surplus is

• A)$100,then the price of the good is $130.
• B)$130,then the price of the good is $120.
• C)$160,then the price of the good is $100.
• D)$120,then the price of the good is $90.

Acquire the ability to prepare journal entries for various corporate financial transactions, including share issuance, cash dividends, and treasury share transactions.

Develop skills in matching financial terms with their definitions in the context of corporate finance.

Learn the calculation of dividends for preference and ordinary shareholders under various conditions.

Understand the components and calculation of the price-earnings ratio for a corporation.

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Definitions:

Inventory Items

Goods and materials that a business holds for the ultimate goal of resale or production.

Non-inventory Items

Items that a business sells but does not maintain in physical inventory, often including services and digital goods.

Services

Intangible products offered by businesses, such as consulting, repairs, or entertainment.

3-way Match

An accounting control process matching the purchase order, delivery note/packing slip, and invoice before making a payment to the supplier.