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Astoria Co. had the following transactions during the month of August 2014: * Cash received from bank loans was $20,000. * Dividends of $9,500 were

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Astoria Co. had the following transactions during the month of August 2014: * Cash received from bank loans was $20,000. * Dividends of $9,500 were paid to stockholders in cash. * Revenues earned and received in cash amounted to $33,500. * Expenses incurred and paid were $26,000. Refer to the information above. At the beginning of August, 2014, owners' equity in Astoria was $160,000. Given the transactions of August, what will be the owners' equity be at the end of the month? $150,500. $193,500 $193,500. $167,500

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