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XYZ Company went out of business and was sold to pay off as much debt as possible. It showed the following information on its balance
XYZ Company went out of business and was sold to pay off as much debt as possible. It showed the following information on its balance sheet. What, if any revenue will the shareholders receive? Current assets $700,000 Fixed assets $1,500,000 Current liabilities $387,000 Long-term liabilities $945,000 (A) $868,000 (B) $313,000 (C) $168,000 (D) $-632,000
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