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please answer all thank 11. The following are the assets and liabilities of Triple V Corp. in bankruptcy: - Mortgage payable of P350,000 was secured
please answer all thank
11. The following are the assets and liabilities of Triple V Corp. in bankruptcy: - Mortgage payable of P350,000 was secured by the land and building which had an estimated realizable value of P560,000 - Notes payable including its interest in the amount of P175,000 were secured by the equipment with and estimated realizable value of P140,000 - Assets other than those stated above have an estimated realizable value of P157,500 - Liabilities other than those stated above totaled P420,000 which includes claims with priority of P52,500 19. What is the estimated deficiency? A. 414,000 B. 52,500 C. 87,500 D. 35,000 20. What is the estimated payment to the notes payable? A. 167,391 B. 140,000 C. 169,999 D. 175,000
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