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24. The following information was taken from the statement of realization and liquidation of Jury and John Bombastix Co. which is undergoing louidation ASSETS: Asset
24. The following information was taken from the statement of realization and liquidation of Jury and John Bombastix Co. which is undergoing louidation ASSETS: Asset to be realized 8,000,000 Assets acquired 60,000 Assats realized 4.720.000 Assets not realized 880,000 LIABILITIES: Llubilities liquidated Liabilition not liquidated Liabilities to be liquidated Liabilities assumed 8,520,000 4.760,000 11,480,000 128,000 100,000 72,000 SUPPLEMENTARY ITEMS Supplementary expenses Supplementary income How much is the nel gain (loss) for the period? a. 14.132,000) b. 128,000) 0.4,160,000 d. (4.160,000) 24. The following information was taken from the statement of renlization and liquidation of Jury and John Bombastix Co, which is undergoing liquidation: ASSETS Assets to be realized 8,000,000 Assets acquired 60,000 Assets realized 4,720,000 Assets not realized 880,000 LIABILITIES: Liabilities liquidated Flabilities not liquidated Liabilities to be liquidated Liabilities assumed 8,520,000 4.750.000 11,480,000 128,000 SUPPLEMENTARY ITEMS Supplementary expenses Supplementary Income 100,000 72,000 How much is the net gain (loss) for the period? (4,132,000) b. (28.000) 6. 4,160,000 d. 14.160,000)
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