Mondesto Company has the following debts Unsecured creditors $ 230,000 Liabilities with priority 110,000 Secured liabilities Debt 1, $210,000 value of pledged asset 180,000 Debt 2, $170,000 value of pledged asset 100,000 Debt 3, $120,000 value of pledged asset 140,000 The company also has a number ...

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Mondesto Company has the following debts: Unsecured creditors $ 230,000 Liabilities with priority 110,000 Secured liabilities: Debt

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Mondesto Company has the following debts:


Unsecured creditors	$	230,000
Liabilities with priority		110,000
Secured liabilities:
Debt 1, $210,000; value of pledged asset		180,000
Debt 2, $170,000; value of pledged asset		100,000
Debt 3, $120,000; value of pledged asset		140,000

The company also has a number of other assets that are not pledged in any way. The creditors holding Debt 2 want to receive at least $142,000.

For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $142,000? Sale price????

Posted Date: Jun 22, 2024 11:09 PM

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Mondesto Company has the following debts: Unsecured creditors $ 230,000 Liabilities with priority 110,000 Secured liabilities: Debt

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