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Table 221 The Accounting Profit Is Equal to
A)$925

Question 10

Multiple Choice

Table 22.1  Assume an apple farmer incurs the following costs and revenues  Fertilizer $200 Seeds $75 Water $250 Wages $750 Property taxes $600 Interest payments on borrowed funds $1,200 Bales of apples $4,000\begin{array}{l} \text { Assume an apple farmer incurs the following costs and revenues }\\\begin{array} {| l | r| } \hline \text { Fertilizer } & \$ 200 \\\hline \text { Seeds } & \$ 75 \\\hline \text { Water } & \$ 250 \\\hline \text { Wages } & \$ 750 \\\hline \text { Property taxes } & \$ 600 \\\hline \text { Interest payments on borrowed funds } & \$ 1,200 \\\hline \text { Bales of apples } & \$ 4,000 \\\hline\end{array}\end{array} The accounting profit is equal to


A) $925.
B) $1,525.
C) $2,125.
D) $4,000.

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