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Exercise 11-21A (Static) Interpreting the effects of business liquidation on creditors and owners LO 11-10...

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Exercise 11-21A (Static) Interpreting the effects of business liquidation on creditors and owners LO 11-10 Assume that Harris Company acquires $3,600 cash from creditors and $4,200 cash from investors. Required b. If Harris Company has net income of $2,000 and then liquidates, what amount of cash will the creditors recelve? What amount of cash will the investors receive? c. If Harris Company has a net loss of $2,000 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors recelve? d. If Harris Company has a net loss of $4,900 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors recelve

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