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?

Question

Quizplus · Accepted Answer

Quincy is to receive $20,000 if noncash assets are sold for at least $190,000, and she would receive no cash from the liquidation if noncash assets were sold for less than $190,000. Thus, the minimum amount for which the noncash assets must have been sold, in order for Quincy to receive some cash from the liquidation, is any amount in excess of $190,000, making option B the correct answer.

What Would Be the Minimum Amount for Which the Noncash