If the building is sold for $50,000 and there are no liquidation expenses what amount should Harry receive in the final settlement?

Name: If the building is sold for $50,000 and there are no liquidation expenses what amount should Harry receive in the final settlement?
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Harry owns 20% of the building, which means his share of the sale price is 20% of $50,000, or $10,000. However, since he has a loan of $2,000 that needs to be paid off, he will receive $10,000 - $2,000 = $8,000 in the final settlement.

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