21. A parcel of land is: offered for sale at $150,000, assessed for tax purposes at $95,000, recognized by its purchasers as being worth $140,000 and purchased for $137,000. The land should be recorded in the purchaser's books at: (Points : 2) $95,000 $137,000 $138,500 $140,000 $150,000 22. Stride Rite has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio. (Points : 2) 38.6% 13.4% 34.9% 25.9% 14.9% 23. Internal users of accounting information include: (Points : 2) Shareholders Customers Creditors Government regulators Line Supervisor 24. Of the following accounts, the one that normally has a credit balance is: (Points : 2) Cash Office Equipment Sales Salaries Payable Dividends Sales Salaries Expense 25. Unearned revenues are: (Points : 2) Revenues that have been earned and received in cash Revenues that have been earned but not yet collected in cash Liabilities created when a customer pays in advance for products or services before the revenue is earned Recorded as an asset in the accounting records Increases to retained earnings