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Racer Corporation's December 31, 2020 Balance Sheet Showed the Following

Question 170

Multiple Choice

Racer Corporation's December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, Racer Corporation's December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, Racer's total stockholders' equity was A) $76,620,000. B) $63,580,000. C) $75,780,000. D) $74,940,000. Racer's total stockholders' equity was


A) $76,620,000.
B) $63,580,000.
C) $75,780,000.
D) $74,940,000.

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