Excel Corporation's financial statements for last month show a $10,000 decrease in cash, a $7,000 increase in notes payable, and a $17,000 increase in equipment, all of which occurred on the same date. Taken collectively, what do these three entries suggest? A : They suggest that Excel purchased a $17,000 piece of equipment by paying $10,000 in cash and taking out a $7,000 loan. B : They suggest that Excel sold a $17,000 piece of equipment for $10,000 and therefore recorded a $7,000 loss. C : They suggest that Excel sold a $10,000 piece of equipment for $17,000 and therefore recorded a $10,000 gain. D : They suggest that Excel purchased a $7,000 piece of equipment but mistakenly recorded a purchase price of $17,000.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.