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19. Assuming trustee expenses of P12,000 in addition to recorded liabilities, which of the unsecured creditors has the next highest order of priority. a. Accrued

19. Assuming trustee expenses of P12,000 in addition to recorded liabilities, which of the unsecured creditors has the next highest order of priority. a. Accrued payroll C. Loan from officer b. Equipment loan payable d. Business loan payable 20. The realizable value of assets pledged with fully secured creditors is: a. P459,000 C. P40,000 b. P44,000 d. P489,000

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