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The following data were taken from the Statement of Affairs of Malakas Company: Book Value Fair Value Assets Cash Accounts Receivable Inventories Land Building (net)
The following data were taken from the Statement of Affairs of Malakas Company: Book Value Fair Value Assets Cash Accounts Receivable Inventories Land Building (net) Equipment (net) 6,000 60,000 90,000 100,000 220,000 250,000 6,000 60,000 65,000 80,000 160,000 100,000 Liabilities Accounts Payable Wages Payable Taxes Payable Notes Payable (secured by receivables and inventory) Interest on Notes Payable Bonds Payable (secured by Land and Building) Interest on Bonds Payable 95,000 9,500 14,000 190,000 5,000 220,000 11,000 1. What is the estimated deficiency to unsecured creditors? * 73,500 073,000 O 68,500 68,000 2. What is the estimated recovery percentage?* O 44.55% 55.45% O 45.45% 50.45% 3. What is the amount to be paid to Partially secured creditors
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