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The following are the account balances of Machado Co. at August 31, 2014: Dividends Payable ..............$ 10,000 Cash Preferred Stock, $200 par ................... 100,000 Common
The following are the account balances of Machado Co. at August 31, 2014: Dividends Payable ..............$ 10,000 Cash Preferred Stock, $200 par ................... 100,000 Common Stock, $1 par.... Paid-in Capital in Excess of Par-Common ..... 55,000 Retained Earnings ........ Machado's total stockholders' equity as of August 31, 2014, is 104,000 220,000 200,000 O A. $575,000. OB. $565,000. OC. $669,000. OD. $375,000
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