Homework Answers
Cash- $150
Notes Payable- $100
Common Stock- $ 200
Retained Earnings- $0
The amount of Cash investors receive will be the ready cash less the cash paid to notes payable.
Cash = $150
less: Notes Payable= $100
Therefore the cash received by the investors shall be $150-$100 = $50
further, in the process of liquidation
the common stocks will be sold and cash will be received.
The correct answer will be Option be Option A $50
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