I'LL MAKE SURE TO UPVOTE THE ONE WHO WILL ANSWER THIS PROBLEM. TY Question...
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I'LL MAKE SURE TO UPVOTE THE ONE WHO WILL ANSWER THIS PROBLEM. TY
Question 21 Not yet answered Marked out of 9.00 P Flag question Badluck Company files a voluntary bankruptcy petition, and the settlement of affairs reflected the following amounts: Assets Book Value Est. Current Value P 900,000 P 1,110,000 Assets pledged with fully secured creditors Assets pledged with partially secured creditors Free Assets 540,000 360,000 960,000 1.260,000 2.700,000 2.430,000 Liabilities P210,000 780,000 Liabilities with priority Fully secured creditors Partially secured creditors Unsecured creditors (including with priority) 600,000 1.620,000 3.210,000 Choose... . Assume the assets are converted to cash to their estimated current values. What amount of cash will be available to pay unsecured non-priority claims? What amount is the estimated deficiency to unsecured creditors? Choose... . What is the estimated recovery percentage? Choose
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