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XYZ Company went out of business and was sold to pay off as much debt as possible. It showed the following information on its balance sheet. What, if any revenue will the shareholders receive?

Current assets $700,000
Fixed assets $1,500,000
Current liabilities $387,000
Long-term liabilities $945,000

(A) $868,000

(B) $313,000

(D) $-632,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9443519

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