As of year-end, Martinson Company has Cash of $15,000, Accounts Receivable of $9,400, Equipment of $42,000, and Accounts Payable of $23,000. How much Shareholders' Equity must Martinson report on its balance sheet? Select one: O a. $42,000 O b. $43,400. c. $47,400. od. $66,400 Businesses are allowed to record goodwill: Select one: a. when they enjoy an outstanding reputation and loyalty with customers. O b. if they acquire another company at a price higher than the market value of its net assets. O c. when they continue the business of an acquired company. O d. if their market value has increased enormously in the recent past. Not yet answered Points out of 2.50 P Flag question Which of the following statements would be most useful if a creditor wants to know the likelihood of repayment of his debts? Select one: a. income statement O b. balance sheet c. statement of owner's equity d. statement of cash flows