12) Most states (including Connecticut) require 150 semester hours of college credit for which professional certification? a. Certified Management Accountant (CMA) b. Certified Internal Auditor (CIA) c. Certified Public Accountant (CPA) d. Certified Financial Planner (CFP) 13) Duk Company has five plants nationwide that cost a total of $200 million. The current fair value of the plants is $600 million. The plants will be recorded and reported as assets at a. $100 million. b. $200 million. c. $600 million. d. $800 million. 14) Carlos Danger's Service Shop started the year with total assets of $330,000, total liabilities of $240,000 and total owner's equity of $90,000. During the year, the business recorded $630,000 in revenues, $420,000 in expenses and owner drawings of $70,000. What was the balance in Owner's Equity at the end of the year? a. $90,000 b. $140,000 c. $230,000 d. $360,000