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Please answer the problem attached, thanks! Question 8 Not yet answered Marked out of 6.00 P Flag question In 2020, Camel Corp. was forced into
Please answer the problem attached, thanks!
Question 8 Not yet answered Marked out of 6.00 P Flag question In 2020, Camel Corp. was forced into bankruptcy and begun to liquidate. The following selected account balances were taken from its statement of affairs: Book Value Est. Current Value P80,000 P50,000 Assets pledged with partially secured creditors Total free assets 220,000 160,000 Book Value Amount Unsecured P16,000 0 Preferred Claims Partially secured liabilities Unsecured liabilities 75,000 25,000 155,000 155,000 Answer the following: (answers can be repeated) What is the total amount available for payment of claims of unsecured creditors? Choose... What is the estimated amount of liquidating dividend per peso claim (rounded to the nearest centavo)? Choose... . What is the amount of deficiency to creditors? ChooseStep by Step Solution
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