Assume that Harris Company acquires $3,600 cash from creditors and $4,200 cash from investors.
Required
b. If Harris has net income of $2,000 and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive? the investors receive? the investors receive?
c. If Harris has a net loss of $2,000 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will
d. lf Harris has a net loss of $4,900 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will

b. Creditors receive _______
Investors receive _______
c. Creditors receive _______
Investors receive _______
d. Creditors receive _______
Investors receive _______