Brad's Company has equipment with a book value of $500 that could be sold today at a 50 percent discount.Its inventory is valued at $400 and could be sold to a competitor for that amount.The firm has $50 in cash and customers owe them $300.What is the accounting value of its liquid assets?
A) $50
B) $350
C) $700
D) $750
E) $1,000
Correct Answer:
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