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The Abra Company owes P200,000 on a note payable plus P8,000 in interest to its bank. The note is scoured by inventory with a book

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The Abra Company owes P200,000 on a note payable plus P8,000 in interest to its bank. The note is scoured by inventory with a book value of P160,000 and a fair value of P120,000. What amount will the bank received if unsecured creditors receive 75% of their claims? At the time of corporate liquidation, the redeemable preferred stockholders received only the partial amount of the redemption value of their shares of stocks. Which of the creditors of this dissolved and liquidated corporation received the full amount of their claims? Fully secured creditors only Fully secured creditors and unsecured creditors with priority only Partially secured creditors and unsecured creditors without priority only All the creditors of the corporation

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