ordening contain the following $18.750 2011 the At December Accounts Receivable 940,000 $12.500 $10,000 $31.250 Equipment Capital Stock 52500 Accounts Payable Cash Land Building Notes Payable Retained Earnings S125.000 If the Notes Payable is $10,000, the December 31, 2011 cash balance is A $60,000 B. $160,000 C. $30,000 D. $20,000 the current year, the assets of Wheatley's increased by 362.000, and the liabilities increa by $ 260,000. The owners' equity in the business must have A. Decreased by $102,000. B. Decreased by $622,000. C. Increased by $102,000. D. Increased by $622,000. 41. A balance sheet: A. Provides owners, investors, and other interested parties with all the financial information they need to evaluate the financial strength, profitability, and future prospects of a given business entity. 8. Shows the current market value of the owners' equity in the business at the balance sheet date. C. Assists creditors in evaluating the debt-paying ability of a business by showing the assets and liabilities of the business combined with those of its owner (or owners). D. Shows the assets, liabilities, and owners' equity of a business entity, valued in conformity with generally accepted accounting principles. 42. During the month of February, the Fadness Company had the following transactions: * Revenues of $225.000 were earned and received in cash. * Bank loans of $18,000 were paid off. New bank loans of $15.000 were incurred. * Equipment of $40,000 was purchased with cash. * Equipment was sold for its book value of $36,000. Cash was received. * Expenses of $171,400 were paid. * Stockholders purchased additional shares for $50,000 cash. A statement of cash flows for February, would report an increase in cash of: A. $4,000. B. $47,000. C. $53,600. D. $96,600