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12 9 ts 03:2332 Exercise 11-21A (Static) Interpreting the effects of business liquidation on creditors and owners LO 11-10 Assume that Harris Company acquires
12 9 ts 03:2332 Exercise 11-21A (Static) Interpreting the effects of business liquidation on creditors and owners LO 11-10 Assume that Harris Company acquires $3,600 cash from creditors and $4,200 cash from investors. Required b. If Harris Company has net income of $2,000 and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive? Creditors receive eBook Ask Investors receive c. If Harris Company has a net loss of $2,000 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive? Creditors receive Investors receive 2.What amount of Check my work
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