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Smith Corporation has gone through bankruptcy and is ready to emerge as a reorganized entity on December 3 1 , 2 0 2 4 .

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Smith Corporation has gone through bankruptcy and is ready to emerge as a reorganized entity on December 31,2024. On this date, the company has the following assets (fair value is based on discounting the anticipated future cash flows):
\table[[,Net Book Value,Fair Value],[Accounts receivable,$22,800,$20,800
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