What Would Be the Minimum Amount for Which the Noncash

question 32

Multiple Choice

What would be the minimum amount for which the noncash assets must have been 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.

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