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You can enlarge the photo, those two pictures is connected. plz help me out! save my life ! All of MorganBlue's assets were liquidated. The
You can enlarge the photo, those two pictures is connected. plz help me out! save my life !
All of MorganBlue's assets were liquidated. The bidding sold for $80,000, the fixtures sold for $15,000, and the inventory sold for $25,000. After paying the bankruptcy administration expenses, secured creditors (from the proceeds of their collateral), and priority general creditors, there was enough to pay each non-priority general creditor 50 cents on the dollar. Indicate by numbering 1 through 5 the priority of the following creditors. _____ Wes Dean _____ Hilliard Janitorial Service _____ IRS income taxes _____ Renansant Bank _____ Bankruptcy Administration Fees Compute the amount that each of the following creditors would receive in bankruptcy. _____ IRS _____ Renansant Bank _____ City of Oxford Electric Department _____ intelnext _____ Hilliard Janitorial Service _____ Johnson Supply CompanyStep by Step Solution
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