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The following items were displayed in the statement of affairs of a Corporation: Unsecured liabilities without priority P100,000 Stockholder's equity 40,000 Loss on realization of
The following items were displayed in the statement of affairs of a Corporation:
Unsecured liabilities without priority | P100,000 |
Stockholder's equity | 40,000 |
Loss on realization of assets | 30,000 |
Estimated taxes and administrative costs that have not been entered in the records | 10,000 |
Unsecured creditors with priority | 15,000 |
Based on the foregoing information, how much should the unsecured creditors without priority expect to receive on the liquidation?
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