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Define the term business liquidation and what amount of

Distributions in a business liquidation

Assume that Brandy Company acquires $1,400 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.

Required

a. Define the term business liquidation.

b. What amount of cash will Brandy's creditors receive?

c. What amount of cash will Brandy's investors (stockholders) receive?

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