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PROBLEM 3 The following data were taken from the statement of affairs of ROBINSONS Corp.: Assets pledged for fully secured liabilities (current fair value, 275,000)
PROBLEM 3 The following data were taken from the statement of affairs of ROBINSONS Corp.: Assets pledged for fully secured liabilities (current fair value, 275,000) 290,000 Assets pledged for partially secured liabilities (current fair value P52,000) 74,000 Free assets (current fair value, P40,000) 70,000 Unsecured liabilities with priority 7,000 Fully secured liabilities 30,000 Partially secured liabilities 60,000 Unsecured liabilities without priority 112,000 1. The amount that will be paid to creditors with priority is: a. P7,000 b. P6,000 c. 27,500 d. P6, 200 2. The amount to be paid fully secured creditors is: a. P30,000 b. P32,000 c. P20,000 a. P35,000 3. The amount to be paid to partially secured creditors is: a. 252,700 b. 257,200 c. 256,200 d. P 57,000 4. The amount to be paid to unsecured creditors: a. 78,200 b. 270,800 c. 272,000 d. 272,800 od or card EN
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