Refer to the Above Table

question 98

Multiple Choice

Refer to the above table. The producer surplus is $4 for producer:

• A) A
• B) B
• C) C
• D) D

---

Definitions:

Cash Account

An account that records all transactions involving cash inflows and outflows, including receipts, disbursements, and balances.

Debited

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Cash Receipts

The collection of money, including coins, notes, cheques, and electronic transfers, by a business from transactions involving goods or services.

Cash Account

A financial account that records cash transactions, including receipts and payments of cash.