Montauk Oil Company reports these account balances at December 31, Year 1: Accounts Payable$ 114,000
Land204,000
Notes Payable264,000
Equipment164,000
Cash84,000
Accounts Receivable104,000
Buildings244,000
Capital Stock344,000
Retained Earnings74,000

On January 2, Year 2, Montauk Oil collected $54,000 of its accounts receivable and paid $24,000 of its accounts payable. On January 3, Year 2, total liabilities are:

Multiple Choice

Which of the following statements is true? a. the irrational number system is not closed under multiplication, because the product of two irrational numbers is always a rational number. b. the irrational number system is not closed under multiplication, because the product of two irrational numbers is not always an irrational number. c. the irrational number system is closed under multiplication, because the product of two irrational numbers is always an irrational number. d. the irrational number system is closed under multiplication, because the product of two irrational numbers is always a rational numbers. reset submit