The following transactions occuned during May, the first month of operations for Hunter Products Incorporated Issued 50,000 shares of capital stock to the owners of the corporation in exchange for $600,000 cash Purchased a piece of land for $400,000, making a $150,000 cash down payment and signing a note payable for the balance Made a $60,000 cash payment on the note payable from the purchase of land. Purchased equipment on credit from BBW, Incorporated for $63,000. What is the total of Hunter Products' liabilities at the end of May? Select one Oa $253,000 Ob $190,000 OC $63,000 Od $313,000 Although accounting information is used by a wide variety of external parties, financial reporting is primarily directed toward the informational needs of Select one Oa Investors and creditors Ob. Government agencies such as the Internal Revenue Service Oc Customers Od Trade associations and labor unions. Time left 2:09:19 (ton Corporation purchased land in Year 1 for $190,000. in Year 10, it purchased a nearly identical parcel of land for $430,000. Eton valued these two parcels of land at a combined value of $800,000 in the balance sheet prepared at the end of Year 10. Reporting the land in this manner violated the Select one Oa Cost principle Ob Principle of the business entity. Oc Objectivity principle. Od Going-concern assumption. 123