Consider Failures Galore, Inc. (Tables 23.11 and 23.12). a. If total liquidation proceeds are $5.95 million, what
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Consider Failures Galore, Inc. (Tables 23.11 and 23.12).
a. If total liquidation proceeds are $5.95 million, what is the distribution of these proceeds among the various creditors of Failures Galore?
b. If total liquidation proceeds are $7.65 million, what is the distribution of these proceeds among the various creditors of Failures Galore?LO1
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