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If kennedy has a net loss of 1400 cash and then liquidates


Assume that Kennedy Company acquires $1,400 cash from creditors and $3,000 cash from investors.

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If Kennedy has a net loss of $1,400 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?

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Financial Accounting: If kennedy has a net loss of 1400 cash and then liquidates
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