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Question 2 Sid the liquidator has been appointed to wind up Not yet Sunk Pty Ltd. He finds that the company has the answered following

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Question 2 Sid the liquidator has been appointed to wind up Not yet Sunk Pty Ltd. He finds that the company has the answered following assets and liabilities as shown below, Marked out of 10.00 Assets P Flag question Shop $900,000 Stock $ 20,000 ANZ Credit $ 10,000 Car $ 10,000 | Total Assets $940,000 Liabilities Mortgage over the shop $910,000 Liquidators Expenses $ 10,000 Wages owing $ 30,000 owing to unsecured creditors_$ 40,000 Total Liabilities $990,000 Liarman Bros Bank has the mortgage over the shop and wants to know how much will be distributed to them based on these assets and liabilities. MacBook Air

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