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can you show me the awnser and explain Assets (no cash) Liabilities Shareholders' equity $98.000 55,000 43,000 Shortly thereafter, all of the assets were sold
can you show me the awnser and explain
Assets (no cash) Liabilities Shareholders' equity $98.000 55,000 43,000 Shortly thereafter, all of the assets were sold for cash Required: 1. How would the statement of financial position appear immediately after the sale of the assets for cash for each of the following cases? (Enter any decreases to account balances with a minus sign.) Case A Case B Case Case D Balances Immediately after Sale Cash Received for the Assets Assets Liabilities Shareholders Equity $ 98,000$ $ 0 84,000 0 0 29.000 112,000 0 57,000 35,000 0 20,000 43,000 2. How should the cash be distributed in each separate case? (Hint: Creditors must be paid in full before owners receive any payment) To Creditors To Shareholders Total Case A Case B Case C Case D Step by Step Solution
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