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Brad's Company has equipment with a book value of $1,380 that could be sold today at a 20 percent discount. Its inventory is valued at
Brad's Company has equipment with a book value of $1,380 that could be sold today at a 20 percent discount. Its inventory is valued at $360 and could be sold to a competitor for 90 percent of that value. The firm has $45 in cash and customers owe them $240, of which 97 percent is collectible. What is the accounting value of its liquid assets?
Multiple Choice
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$1,705.80
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$350.00
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$645.00
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$2,025.00
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$601.80
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