plzz exlain 3rd and 4th point PROBLEM 3statement of affairs of ROBINSONSThe following data wereCorp.:taken from theAssets pledged for fully secured liabilities (current fairvalue, P75,000)Assets pledged for partially secured liabilities (currentfair value P52,000)Free assets (current fair value, P40,000)Unsecured liabilities with priorityFully secured liabilitiesPartially secured liabilitiesUnsecured liabilities without priorityP90,00074,00070,0007,00030,00060,000112,0001. The amount that will be paid to creditors with priority is:a. P7,000b. P6,000c. P7, 500d. P6,2002. The amount to be paid fully secured creditors is:a. P30,000b. P32,000c. P20,000d. P35, 0003. The amount to be paid to partially secured credi tors is:a. P52,700ERb. P57,200c. P56, 200d. P 57,0004. The amount to be paid to unsecured creditors:b. P70,800a. P78,200c. P72,000d. P72,800

Given: To explain the partially secured and unsecured creditors using the values as,

Answered: nd 4th point

Business

Accounting

nd 4th point

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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