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Ricoa Company has been forced into bankruptcy and liquidity. Unsecured claims will be paid at the rate of P0.75 on the peso. Coco Company

Ricoa Company has been forced into bankruptcy and liquidity. Unsecured claims will be paid at the rate of P0.75 on the peso. Coco Company holds a noninterest-bearing not receivable from Ricoa in the amount of P80,000, collateralized by machinery with a liquidation value of P20,000. The total amount to be realized by Coco on this note receivable is a. P80,000 b. P45,000 c. P60,000 d. P65,000

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