Sunland company at december 31 has cash $23,000, noncash assets $104,000, liabilities $52,300, and the following capital balances: floyd $47,000 and dewitt $27,700. the firm is liquidated, and $113,000 in cash is received for the noncash assets. floyd and dewitt income ratios are 70% and 30%, respectively.

Of the four types of discharge, firing a. results from an employee's poor performance⎯that is, from his or her failure to fulfill expectations. b. is for-cause dismissal⎯the result of employee theft, gross insubordination, release of proprietary information, and so on. c. usually refers to the temporary unemployment experienced by hourly employees and implies that they are "subject to recall."d. designates the permanent elimination of a job as a result of workforce reduction, plant closing, or departmental consolidation.