Question #1

Sinaksak mo Puso ko Company is under liquidation and a trustee is appointed to liquidate the company. The following data were provided in relation to the liquidation: Assets at book value P200,000 Assets at net realizable value 150,000 Liabilities at book value: Fully secured 80,000 Unsecured 90,000 Unrecorded liabilities: Accrued interest 620 Administrative expenses 6,580 Liabilities liquidated is measured at: O Realizable value O Actual settlement value O None of the choices O Book value