Economic cost of production differ from accounting costs in that A. accounting cost includes expenditures for hired resources while economic cost does not. B. economic cost includes expenditures for hired resources while accounting cost does not. C. accounting costs are always larger than economic cost. D. economic cost adds the opportunity cost of a firm using its own resources while accounting cost does not.

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.