Question
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
| 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? |
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Clinical Audit In Primary Care Demonstrating Quality And Outcomes
Authors: Ruth Chambers, Gill Wakley
1st Edition
1857757092, 978-1857757095
