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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

  • $1,705.80

  • $350.00

  • $645.00

  • $2,025.00

  • $601.80

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