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  1. business
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  3. assets: cash 100,000 ; non cash assets: land 240,0

Assets: Cash 100,000 ; Non Cash Assets: Land 240,000 Equipment 180,000, Land 580,000 Total Assets:...

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Accounting

Assets: Cash 100,000 ; Non Cash Assets: Land 240,000 Equipment 180,000, Land 580,000 Total Assets: 1,100,000

Liability 80,000, A Cap (30%) 580,000, B Cap(20%) 360,000, C Cap (50%) 80,000. Total Liability and Capital 1,100,000

Assume that 75% of the non cash asstes were sold for $450,000 and that 25% of the liability were paid at the first stage of liquidation. Prepare a safe payment schedule showing cash distribution at this point.

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