Selected transactions for M. Coronado, an interior decorator, in her first month of business, are as follows.

Jan. 2 Invested $14,200 cash in business.

3 Purchased used car for $4,260 cash for use in business.

9 Purchased supplies on account for $710.

11 Billed customers $3,408 for services performed.

16 Paid $497 cash for advertising.

20 Received $994 cash from customers billed on January 11.

23 Paid creditor $426 cash on balance owed.

28 Withdrew $1,420 cash for personal use by owner.

Which of the following accurately describes a surplus? a. consumer demand for a certain car is below the number of cars that are produced. b. the production costs for a certain car are below the sale price of that car. c. a reduction in the cost of steel enables a car company to reduce the sale price of its cars. d. a car company tries to charge too high a price for a car and has to reduce the price. 2b2t

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.