[5] When Pasig Company filed for liquidation with the SEC, it prepared the followingbalance sheet.Current assets, net realizable value, 50,00080,000Land and building, fair value, 240,000Goodwill, fair value, PO200,00040,000Total assets320,000Accounts payableMortgage payable, secured by land and building160,000200,000Common stock100,000Retained earnings, deficit(140,000)Total equities320,000What percentage of their claims are the unsecured creditors likely to get?• 56.25%• 50.00%• 43.75%• 100.00%

Answered: Image /qna-images/answer/0d2fffd1-46e2-4f06-8e34-22b1db43681f.jpg

rent assets, net realizable value, 50,000 d and building, fair value, 240,000 dwill, fair value, PO al assets 80,000 200,000 40,000 320,000 ounts payable tgage payable, secured by land and building 160,000 200,000 mon stock 100,000 ained earnings, deficit (140,000) al equities 320,000

rent assets, net realizable value, 50,000 d and building, fair value, 240,000 dwill, fair value, PO al assets 80,000 200,000 40,000 320,000 ounts payable tgage payable, secured by land and building 160,000 200,000 mon stock 100,000 ained earnings, deficit (140,000) al equities 320,000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter20: Corporations: Distributions In Complete Liquidation And An Overview Of Reorganizations

Section: Chapter Questions

Problem 24P

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