Question
The following data were taken from statement of affairs of Sawi Company: Unsecured liabilities with priority P122,500 Stockholders' Equity 441,000 Estimated liquidation 55,125 Unsecured liabilities
The following data were taken from statement of affairs of Sawi Company:
Unsecured liabilities with priority P122,500
Stockholders' Equity 441,000
Estimated liquidation 55,125
Unsecured liabilities without priority 1,102,500
Loss on realization of assets 551,250
How much is the estimated deficiency?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
