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answer this only if you know ... thank you thats all i got!! if you dont know how to solve this problem then just leave
answer this only if you know ... thank you thats all i got!! if you dont know how to solve this problem then just leave it... thank you Plot A Plot B Plot C Plot D $ 23,000 $ 18,000 $ 21,000 $ 41,000 Another $29,000 note payable is unsecured. Accounts payable at this time total $46,000. Of this amount, $14,000 is salary owed to the company's workers. No employee is due more than $4,100. The company expects to collect $19,000 from the accounts receivable if liquidation becomes necessary. Administrative expenses required for liquidation are anticipated to be $34,040. a. Prepare a statement of financial affairs for Oregon Corporation. b. If the company is liquidated, how much cash would be paid on the note payable secured by plot B? c. If the company is liquidated, how much cash would be paid on the unsecured note payable? d. If the company is liquidated and plot D is sold for $44,300, how much cash would be paid on the note payable secured by plot B? Complete this question by entering your answers in the tabs below. OREGON CORPORATION Statement of Financial Affairs Book Values Assets Available for Unsecured Creditors $ 0 Pledged with Fully Secured Creditors: Land (Plots A and D) Less: Notes payable Pledged with Partially Secured Creditors: Land (Plots B and C) Less: Notes payable Free Assets: Cash Accounts receivable $ 0 Total available to pay liabilities with priority and unsecured creditors Less: Liabilities with priority Available for unsecured creditors Estimated deficiency $ 0 $ 0 0 Book Values Liabilities and Stockholders' Equity $ Unsecured Nonpriority Liabilities Liabilities with Priority: Administrative expenses Salaries payable Book Values Liabilities and Stockholders' Equity Unsecured Nonpriority Liabilities Liabilities with Priority: Administrative expenses Salaries payable $ 0 Total Fully Secured Creditors: Notes payable Land (Plots A and D) Partially Secured Creditors: Notes payable Land (Plots B and C) Unsecured Creditors: Notes payable Accounts payable $ 0 Stockholders' equity 0 $ 0 Req A Req B to D b. If the company is liquidated, how much cash c. If the company is liquidated, how much cash d. If the company is liquidated and plot D is so plot B? b. Amount paid c. Amount paid d. Amount paid Oregon Corporation has filed a voluntary petition to reorganize under Chapter 11 of the Bankruptcy Reform Act. Its creditors are considering an attempt to force liquidation. The company currently holds cash of $13,000 and accounts receivable of $32,000. In addition, the company owns four plots of land. The first two (labeled A and B) cost $15,000 each. Plots C and D cost the company $27,000 and $32,000, respectively. A mortgage lien is attached to each parcel of land as security for four different notes payable of $22,000 each. Presently, the land can be sold for the following: Plot A Plot B Plot C Plot D $ 23,000 $ 18,000 $ 21,000 $ 41,000 Another $29,000 note payable is unsecured. Accounts payable at this time total $46,000. Of this amount, $14,000 is salary owed to the company's workers. No employee is due more than $4,100. The company expects to collect $19,000 from the accounts receivable if liquidation becomes necessary. Administrative expenses required for liquidation are anticipated to be $34,040. a. Prepare a statement of financial affairs for Oregon Corporation. b. If the company is liquidated, how much cash would be paid on the note payable secured by plot B? c. If the company is liquidated, how much cash would be paid on the unsecured note payable? d. If the company is liquidated and plot D is sold for $44,300, how much cash would be paid on the note payable secured by plot B? Check my work Oregon Corporation has filed a voluntary petition to reorganize under Chapter 11 of the Bankruptcy Reform Act. Its creditors are considering an attempt to force liquidation. The company currently holds cash of $13,000 and accounts receivable of $32,000. In addition, the company owns four plots of land. The first two (abeled A and B) cost $15,000 each. Plots C and D cost the company $27,000 and $32,000, respectively. A mortgage lien is attached to each parcel of land as security for four different notes payable of $22,000 each. Presently, the land can be sold for the following: Plot A Plot B Plot c Plot D $ 23,000 $ 18,000 $ 21,000 $ 41,000 Another $29,000 note payable is unsecured. Accounts payable at this time total $46,000. Of this amount, $14,000 is salary owed to the company's workers. No employee is due more than $4,100 The company expects to collect $19,000 from the accounts receivable if liquidation becomes necessary. Administrative expenses required for liquidation are anticipated to be $34,040. a. Prepare a statement of financial affairs for Oregon Corporation b. If the company is liquidated, how much cash would be paid on the note payable secured by plot B? c. If the company is liquidated, how much cash would be paid on the unsecured note payable? d. If the company is liquidated and plot Dis sold for $44,300, how much cash would be paid on the note payable secured by plot B? Complete this question by entering your answers in the tabs below. Oregon Corporation has filed a voluntary petition to reorganize under Chapter 11 of the Bankruptcy Reform Act. Its creditors are considering an attempt to force liquidation. The company currently holds cash of $13,000 and accounts receivable of $32,000. In addition, the company owns four plots of land. The first two (labeled A and B) cost $15,000 each. Plots C and D cost the company $27,000 and $32,000, respectively. A mortgage lien is attached to each parcel of land as security for four different notes payable of $22,000 each. Presently, the land can be sold for the following: Plot A Plot B Plot C Plot D $ 23,000 $ 18,000 $ 21,000 $ 41,000 Another $29,000 note payable is unsecured. Accounts payable at this time total $46,000. Of this amount, $14,000 is salary owed to the company's workers. No employee is due more than $4,100. The company expects to collect $19,000 from the accounts receivable if liquidation becomes necessary. Administrative expenses required for liquidation are anticipated to be $34,040. a. Prepare a statement of financial affairs for Oregon Corporation. b. If the company is liquidated, how much cash would be paid on the note payable secured by plot B? c. If the company is liquidated, how much cash would be paid on the unsecured note payable? d. If the company is liquidated and plot Dis sold for $44,300, how much cash would be paid on the note payable secured by plot B? Prepare a statement of financial affairs for Oregon Corporation. OREGON CORPORATION Statement of Financial Affairs Book Values Assets Available for Unsecured Creditors $ 0 Pledged with Fully Secured Creditors: Land (Plots A and D) (Less: Notes payable Pledged with Partially Secured Creditors: Land (Plots B and C) Less: Notes payable Free Assets: Cash Accounts receivable $ 0 Total available to pay liabilities with priority and unsecured creditors Less: Liabilities with priority Available for unsecured creditors Estimated deficiency $ 0 0 Book Values Liabilities and Stockholders' Equity Unsecured Nonpriority Liabilities Liabilities with Priority: Administrative expenses Salaries payable es $ 0 Total Fully Secured Creditors: Notes payable Land (Plots A and D) Partially Secured Creditors: Notes payable Land (Plots B and C) Unsecured Creditors: Notes payable Accounts payable $ 0 Stockholders' equity 0 $ Check my work d. If the company is liquidated and plot is sold for $44,300, now much cash would be paid on the note payable secured by plot B? Complete this question by entering your answers in the tabs below. Req A Req B to D b. If the company is liquidated, how much cash would be paid on the note payable secured by plot B? c. If the company is liquidated, how much cash would be paid on the unsecured note payable? d. If the company is liquidated and plot D is sold for $44,300, how much cash would be paid on the note payable secured by plot B? Show less TERRE b. Amount paid c. Amount paid d. Amount paid
answer this only if you know ... thank you
thats all i got!! if you dont know how to solve this problem then just leave it... thank you
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