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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answerhappygod
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Ann Kimber is thinking about going out of business and retiring. Her firm has $25,000 in cash, other assets totaling $35

Post by answerhappygod »

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.
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