[The Following Information Applies to the Questions Displayed Below

question 14

Multiple Choice

[The following information applies to the questions displayed below.]
The following transactions occurred during May,the first month of operations for Hunter Products,Inc.:
* 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,Inc.for $63,000.
-What is the total owners' equity at the end of May?

• A)$810,000
• B)$600,000
• C)$790,000
• D)$660,000

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Definitions:

Olfaction

The sense of smell; the capacity for detecting and distinguishing different odors.

Supertasters

Individuals who have a heightened sensitivity to tastes, particularly the sensations of bitterness and sweetness.

Taste Buds

Specialized sensory receptors for taste that are located on the tongue and in the lining of the mouth.

Slow Pain Pathway

The neural pathway in the body that is responsible for transmitting chronic, dull, aching pain sensations to the brain.