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Voluntary settlements For a firm with outstanding debt of $125,000, classify each of the following voluntary settlements as an extension, a composition, or a combina-

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Voluntary settlements For a firm with outstanding debt of $125,000, classify each of the following voluntary settlements as an extension, a composition, or a combina- tion of the two. a. Paying a group of creditors in full in four periodic installments and paying the re- 13-14 maining creditors in full immediately

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