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A company preparing for a Chapter 7 liquidation has the following liabilities: Note payable A of $110,000 secured by land having a book value of

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A company preparing for a Chapter 7 liquidation has the following liabilities: Note payable A of $110,000 secured by land having a book value of $60,000 and a fair value of $80,000. . Note payable B of $140,000 secured by a building having a $70,000 book value and a $50,000 fair value. Note payable C of $70,000, unsecured. Administrative expenses payable of $30,000. Accounts payable of $130,000. Income taxes payable of $40,000. The company also has these other assets: . Cash of $16.800. Inventory of $120,000 but with a net realizable value of $70,000. Equipment of $110,000 but with a net realizable value of $60,000. How much will each of the company's liabilities be paid at liquidation? Amount Payment on note payable A Payment on note payable B Payment on note payable C Payment on administrative expenses Payment on accounts payable Payment on income taxes payable

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