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1.) Patrice Company has financial difficulties and is considering filing for bankruptcy. It has the following assets and liabilities. The assets are stated at net

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1.) Patrice Company has financial difficulties and is considering filing for bankruptcy. It has the following assets and liabilities. The assets are stated at net realizable value. $ 110,000 Building, secured by a mortgage with a balance of $ 95,000 Accounts receivable, secured by a note payable with a balance of $ 150,000 $ 120,000 Cash $ 45,000 Inventories which are unencumbered $ 30,000 Liabilities with priority $57,000 $300,000 Unsecured creditors without priority In a liquidation how much will be paid to the partially secured creditors and how much to the unsecured creditors without priority? 10 points

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