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Account balances of Machado Co. at August 31, 20X6 are as follows: $ Dividends Payable Preference Shares, $150 par. Paid-in Capital in Excess of ParOrdinary
Account balances of Machado Co. at August 31, 20X6 are as follows: $ Dividends Payable Preference Shares, $150 par. Paid-in Capital in Excess of ParOrdinary Shares How many ordinary shares has Machado issued? 12,500 Cash 375,000 Ordinary Shares, $5 par 60,000 Retained Earnings. 111,000 640,000 325,000 A. 700,000 OB. 128,000 O C. 375,000 OD. Some other amount
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