3. Quentin Company's year-end 2014 total assets equals its year-end 2014 total liabilities and owners' equity. This is most likely the result of the company following the: Historical Cost concept Dual-aspect concept Materiality concept Money measurement concept nanswered question: Quentin Company Balance Sheet as of December 31,2014 Assets Liabilities Current Assets Current Liabilities Cash Inventory $42.000 30,000 Accounts payable. $30,000 Short-term debt.. 42,000 Prepaid expense. 12,000 Total current liabilities $72,000 Total current assets $90,000 Non-current Liabilities Non-current Assets Plant and equipment (net). 50,000 Bond payable. Owners' Equity 34,000 Patent (net). 24,000 Total Assets $170,000 Common stock. Retained earnings. Total Liabilities and Owners' Equity 20,000 44,000 S 170,000 Question 13/40 submit