BC E. 1,2,3 Your Answer C $ 43) A business has only the following balances: Accounts Payable Accounts Receivable Accumulated Depreciation Cash Interest Payable Inventory Land 40,000 50,000 10,000 20,000 8,000 80,000 100,000 60,000 30,000 Long-term Debt Machinery All above accounts have normal balances. The Owners' Equity of this business is A. $ 182,000 B. $ 162,000 C. $ 170,000 D. $ 242,000 E. None of the above Your Answer Extra Credit 44) Which of the following credit terms is most advantageous to the buyer? A 1/10, n/30 B. 5/10, n/60 C. 2/10, n/30 D. 5/10, n/20 E. They all have the same amount of benefit to the buyer Your Answer 45) McKenzie Information revisited The following information is available for McKenzie Company: Cash ending. $20,000 Paid in Capital, beginning Cash beginning 30,000 Paid in Capital, ending Total assets ending 790,000 Retained Earnings, beginning Employees, ending number 728 Retained Earnings, ending Total Liabilities, ending 285,000 Dividends paid during the year $220,000 240,000 180,000 285.000 20.000 Common Stock ($1 par), ending 26,000 The amount in Treasury Stock at the end of the year was: 8 Points Give and support your answer in the spaces below: Your Answer Support for your