For What Amount Would the Noncash Assets Need to Be

question 17

Multiple Choice

For what amount would the noncash assets need to be sold in order for Quincy to receive some cash from the liquidation?

• A) Any amount in excess of $170,000.
• B) Any amount in excess of $190,000.
• C) Any amount in excess of $260,000.
• D) Any amount in excess of $280,000.
• E) Any amount in excess of $300,000.