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General Creditors' Claims (1) Amount of Claim (2) Application of 100% Distribution (3) Distribution after Subordination Adjustment (4) Percentage of Original Claim Received (5) Accounts
Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. The remaining $ will go to the common stockholders. They will receive only % of the amount of equity on the balance sheet.
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Attempts Keep the Highest / 24 4. Problem 24-01 (Liquidation) Liquidation Southwestern Wear Inc. has the following balance sheet: The trustee's costs total $244,000, and the firm has no accrued taxes or wages. Southwestern has no unfunded pension liabilities. The debentures are subordina monetary values to the nearest dollar and for percentage values to the nearest whole number, If your answer is zero, enter " 0 ". Enter your answers as positive v Distribution of proceeds on liquidation: Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. The remaining $ will go to the common stockholders. They will receive only % of the amount of equity on the balance sheet
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