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Ann Kimber is thinking about going out of business and retiring. Her firm has $50,000 in cash, other assets totaling $71,400, and total liabilities of
Ann Kimber is thinking about going out of business and retiring. Her firm has $50,000 in cash, other assets totaling $71,400, and total liabilities of $51,000. The other assets can be sold for an estimated $68,000 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
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