Ann Kimber is thinking about going out of business and retiring.
Her firm has $25,000 in cash, other assets totaling $35,700, and
total liabilities of $25,500. The other assets can be sold for an
estimated $34,000 cash in a liquidation sale. Calculate the amount
of cash that would be available upon Ann's retirement if the other
assets were sold and the liabilities were paid off.
Ann Kimber is thinking about going out of business and retiring. Her firm has $25,000 in cash, other assets totaling $35
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