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Benxa company was found to have difficulty paying debts (to fail/failite), and unsecured claims would be paid $50 for every $2,000. Brown Company has
Benxa company was found to have difficulty paying debts (to fail/failite), and unsecured claims would be paid $50 for every $2,000. Brown Company has notes receivable from Benxa company of $50,000. Benxa Company's notes payable to Brown company are secured by inventories estimated at $18,000. How much is Brown Company's realizable receivables?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
