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Ataway Company has severe financial difficulties and is considering filing a bankruptcy petition. At this time, it has the following assets and liabilities. The assets
Ataway Company has severe financial difficulties and is considering filing a bankruptcy petition. At this time, it has the following assets and liabilities. The assets are stated at net realizable value. Assets (pledged against debts of $72,000) Assets (pledged against debts of $134,000) Other assets Liabilities with priority Other unsecured creditors $ 120,000 52,000 82,000 59,000 202,000 In a liquidation, how much money would be paid on the partially secured debt? Payment on partially secured debt
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