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  • Aug 4, 2011, 05:40 PM
    jenine575
    The brandy company acquires $1400 cash from creditors and $1,800 cash from investors
    The brandy company acquires $1400 cash from creditors and $1,800 cash from investors (stockholders). The company then has an operating loss of $2,000 cash and goes out of business,
    a) what amount of cash will brandy’s creditors receive?
    b) What amount of cash will brandy’s investors (stockholders) receive?

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