14. The following journal entry (explanation omitted) was prepared by an enterprise that had filed a debtors
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14. The following journal entry (explanation omitted) was prepared by an enterprise that had filed a debtor’s petition in bankruptcy:
Cash with Escrow Agent 100,000 Cash 100,000 Such a journal entry generally is related to:
a. A liquidation only.
b. A reorganization only.
c. Either a liquidation or a reorganization.
d. Neither a liquidation nor a reorganization.
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