Indicate Whether Each of the Following Should Be (A) Added

question 47

Short Answer

Indicate whether each of the following should be (A) added to the bank statement balance, (B) subtracted from the bank statement balance, (C) added to the checkbook balance, or (D) subtracted from the checkbook when computing the reconciled balance.
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a.Bank error: A deposit of $280 is shown on the statement as $250
b.NSF check returned to the depositor
c.Automatic transfer for safe deposit fee
d.Error in the checkbook: a check written for $45 was recorded as $54
e.ATM withdrawal not recorded in the depositor's records​

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing a measure of consumer benefit.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, typically viewed as a measure of producer welfare.

Consumer Surplus

The divergence between the sum consumers are prepared to pay for a product or service and the sum that is actually paid.

Maximum Price

A price ceiling set by a government or regulatory body, above which a particular good or service cannot be sold, often to protect consumers.