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the value of equity for the year- end is needs to be calculated 6 of 34 (3 complete) Use the information below for the Michigan
the value of equity for the year- end is needs to be calculated
6 of 34 (3 complete) Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions. Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation Account Balance 12/31/2017 Accumulated depreciation $7,650 Accounts payable $6,875 Accounts receivable $8.000 Cash $3,750 Common stock S15,625 Inventory $11,250 Long-Term debt $17,750 Plant, property, and equipment $37.000 Retained earnings $12, 100 O A. $11,740 OB. $16,625 O C. $11,090 OD. 27.725 Click to select your Step by Step Solution
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