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1. The Best Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and the following capital balances: Rodriguez $45,000 and Escobedo $20,000. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Rodriguez and Escobedo income ratios are 60% and 40%, respectively.
Instructions
Prepare a schedule of cash payments.
If you were the IS manager for a large manufacturing company, what issues might you have with the use of open source software? What advantages might therebe for useof suchsoftware?
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