At December 31, 2016, the accounting records of Tasty Foods Corporation contain the following: Accounts payable $16,000 Accounts receivable $40,000 Land $240,000 Cash ? Capital stock ? Equipment $120,000 Building $180,000 Notes payable $190,000 Retained earnings $160,000 If capital stock is $260,000, what is the December 31, 2016 cash balance?
a. $46,000
b. $506,000
c. $94,000
d. $86,000
a
Business
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