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1 The Walston Company is to be liquidated and has the following liabilities: 1 points eBook Income taxes Notes payable (secured by land) Accounts
1 The Walston Company is to be liquidated and has the following liabilities: 1 points eBook Income taxes Notes payable (secured by land) Accounts payable $ 10,200 162,000 106,000 Salaries payable (evenly divided between two employees) 10,000 Bonds payable 91,000 Administrative expenses for liquidation The company has the following assets: Print Book Value Current assets Land References Buildings and equipment $ 101,000 121,000 121,000 41,000 Fair Value $ 56,000 111,000 154,000 How much money will the holders of the notes payable collect following liquidation? Total amount collected
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