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Chesterfield Company holds cash of $56,000, inventory worth $102,000, and a building worth $136,000. Unfortunately, the company also has accounts payable of $186,000, a note
Chesterfield Company holds cash of $56,000, inventory worth $102,000, and a building worth $136,000. Unfortunately, the company also has accounts payable of $186,000, a note payable of $86,000 (secured by the inventory), liabilities with priority of $29,600, and a bond payable of $162,000 (secured by the building). In a Chapter 7 bankruptcy, how much money will the holder of the bond expect to receive? Total amount received by bond holders nd
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